Phrases with «rollover distribution»

A rollover distribution refers to moving money from one retirement account, like a 401(k) or IRA, to another retirement account without any tax penalties or obligations. It allows individuals to transfer funds from one retirement plan to another while maintaining the tax-deferred status of their savings. Full definition

rollover distribution

Sentences with «rollover distribution»

If there is an eligible rollover distribution, the taxpayer can defer tax on that distribution until the taxpayer takes an actual distribution. (sapling.com)
To make an eligible rollover distribution, the distribution must be made from a qualified retirement plan to another qualified retirement plan. (sapling.com)
The mandatory 20 % withholding that generally applies to retirement plan rollover distributions does not apply if the distribution is directly rolled over from the retirement plan to the IRA. (starone.org)
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Phrases with «rollover distribution»

Sentences with «rollover distribution»

See also