A rollover is a tax-free movement of cash or other assets from one retirement program to another.
There are two kinds of rollover contributions to an IRA:
- In one, you contribute all or part of a distribution that you receive from a retirement account to an IRA within 60 days. This can be done only once every twelve months.
- In the other, you transfer cash or assets directly from one retirement account to another.
Just Getting Started in Investing?
Automatic Investment Plan can help you start an investment portfolio with very little money each month.
Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA / SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members.