Roth rollover
Do the same 60 day rule for rollovers apply for Roth as they do for traditional IRA’s? Can the client take a check and then sign over or write a new one within the 60 days? Thanks
Do the same 60 day rule for rollovers apply for Roth as they do for traditional IRA’s? Can the client take a check and then sign over or write a new one within the 60 days? Thanks
Permalink Submitted by Alan Spross on Fri, 2009-10-16 02:42
Yes, the rules are exactly the same. The 60 day time limit, one rollover per IRA account and unlimited direct trustee to trustee transfers all apply.