Ira Rollover
/ˈaɪ.rɑː ˈrɑː.loʊvər/
Definitions
- (n.) The transfer of funds from one Individual Retirement Account (IRA) to another to maintain tax-deferred status.
She completed an IRA rollover to move her savings into a new account without tax penalties.
Forms
- ira rollover
- ira rollovers
Related terms
See also
Commentary
An IRA rollover usually involves moving retirement assets within 60 days to avoid taxes; understanding timing and eligible accounts is crucial.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.