New IRA Rollover Ruling
Question: Does a Direct Rollover from a 401K or Company Retirement Plan count as the one rollover now allowed in a 12 month period?
Question: Does a Direct Rollover from a 401K or Company Retirement Plan count as the one rollover now allowed in a 12 month period?
Permalink Submitted by Alan - IRA critic on Fri, 2014-04-04 17:47
No. The one rollover rule only applies to IRA to IRA movements. Any rollover between a qualified plan and an IRA does not count, and that will be the same under the new ruling as well.