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Rolling Over Your IRA – 10 Things You Need To Know

Credit: E-File Group

From TheBalance.com….

There are subtle differences between what is considered an IRA rollover, and what is considered an IRA transfer. The important thing to know – with either one for the rollover to be tax-free, the funds must be deposited in the new account no later than 60 days from the time they were withdrawn from the old one (unless it’s a trustee-to-trustee transfer, as discussed in more detail below).1

Below are things you need to know about how these IRA rollovers and transfers work, and what you can and cannot do.

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