60 day rollover per acct or social security #
I have a client that did a distribution out of their Roth IRA and wanted to do a 60 day rollover but they do not have the funds so they want to do a distribution out of another IRA to supple the funds to do the 60 day rollover back into their Roth IRA.
is 60 day rollover per account or per social?
Permalink Submitted by Anonymous (not verified) on Mon, 2010-02-08 17:35
A better description would be “per plan”, definitely not per SSN. The client is fine as long as only one distribution per 365 days is taken from each and replaced in the timely 60-day period.
[i]Example:
Schwab Roth
Fidelity Roth Plan #1
Fidelity Roth Plan #2
(these two would somehow be separated in the way they are displayed, registered, or named).
Vanguard Rollover IRA
etc.[/i]
pko