IRS rules limit you to one rollover per client per twelve month period. Rollovers occur when you withdraw assets from an IRA and then "roll" those assets back into the same IRA or into another one within 60 days. The second, less common approach is called An indirect rollover. You may directly transfer assets between investment firms as frequently as you wish.
This is when you transfer assets from an IRA held at one financial institution to an IRA at another. Footnote 2 Did you know that there are two ways to move assets from one IRA to another? The most common is a transfer. For more information visit our rollover page or call Merrill at 888.637.3343. These are complex choices and should be considered with care. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment (particularly with reference to employer stock), and different types of protection from creditors and legal judgments. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over an employer-sponsored plan from your old job to your new employer, take a distribution, or leave the account where it is. You have choices about what to do with your employer-sponsored retirement plan accounts.
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