Nuts and Bolts: How to Roll Over Your Employer Retirement Plan Assets

Nuts and Bolts How to Roll Over Your Employer Retirement Plan Assets.jpg

There are two types of rollovers: direct and indirect. A direct rollover is paid from your plan directly to your IRA or to your new employer's retirement plan. The funds are never payable to you. An indirect (60-day) rollover is a payment made to you that you later roll over to an IRA or an employer retirement plan.1When you request a distribution from your employer's 401(k), 403(b), or governmental 457(b) plan that's eligible for rollover, you'll receive a statement describing the tax rules applicable to your distribution and your rollover options.2 You should read that statement carefully.

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