A rollover is a tax-free transfer of cash or other assets from one retirement program to another.
There are two kinds of rollover contributions to an IRA:
- In one, you transfer the proceeds of all or part of a distribution from one IRA to another. This can be done only once every twelve months.
- In the other, you may transfer in eligible rollover distribution from a qualified plan, a tax-sheltered annuity plan or a governmental 457 deferred compensation plan to a Traditional IRA
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