403b and 401k direct rollovers
client isi 83 and has two accounts, 1 is 403b and the other 401k.
If we do a direct rollover (company sends the proceeds to the IRA company…she does not receive a check) for both of these, is that not in violation of the 1 rule per year?
Thank you
Douglas
Permalink Submitted by Alan - IRA critic on Mon, 2017-10-30 17:56
Not a violation because the one rollover limit only applies to IRA to IRA transactions. Rollovers with a 401k or 403b on either end of the transaction are unlimited.