One time Rollover Rule

Can a person rollout of a 401K plan to an individual IRA and also roll money from that IRA to a 2nd IRA in the same 12-month period? Additionally, if the individual IRA is already established, could the client roll money out of that IRA to another IRA, and then roll the 401 money into the first, already established IRA? Thank you, Mary



Rollovers from or to a 401k plan do NOT count with respect to the 12 month one rollover limit. Therefore, the answer is Yes to both questions. 



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