Exceptions to the 60-Day Rollover Rule

Topics:
Retirement,
Taxes
Tags:
Asset Management,
Business Operations,
Finance,
Financial Planning,
Free Trade,
Investopedia,
Operational Planning,
Taxes
Source:
Investopedia

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Overview: An individual who receives a distribution of assets from a retirement account can avoid applicable taxes and penalties on the amount if he or she rolls it over to an eligible retirement account within 60 days of receipt. There are, however, a few exceptions to this rule. Knowing them can help one avoid paying taxes on rollover-eligible distributions that do not satisfy the 60-day rule, and ensure continued tax-deferred growth on one's retirement assets.

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Format: HTML | Date: Apr 2005 | Pages: 3


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