IRA rollover

Submitted by Mark Kinkade on Fri, 2008-01-18 17:17

Can a rollover IRA that I opened in Oct. of 2007 (with my old 401k as the only funding) be rolled into a new IRA IF I completed the original rollover from my 401k in less than 12 months? I’d like to know if the new tax year makes a difference in rollover rules… Any answers/advice?

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Permalink Submitted by Al Fry on Fri, 2008-01-18 18:04

The rollover from the 401(k) is not counted in the “one roller per 12 month rule”. In addition, the new transfer should be done via trustee-to-trustee, which is also not included in the rule.