IRA 101: Rollovers

Описание: A "Rollover" is when you transfer the balance from one tax-advantaged account to another. Whether you're rolling over an employer plan to an IRA, one IRA to another, or a prior employer's plan into a new employer's plan, this video explains the different types of rollovers and how they work. It also outlines some pitfalls to avoid when completing a rollover.

2025 UPDATE:

As of 2025, it is no longer necessary to write "Rollover" next to a rolled over distribution. Check the "Rollover" box on lines 4c and 5c.

If you want to take a closer look at the 1099R Form: click here:    • Anatomy of a 1099R  

Additional information and resources:

IRS Publication 17: "Your Federal Income Tax": https://www.irs.gov/pub/irs-pdf/p17.pdf

IRS Publication 590-A: "IRA Contributions": https://www.irs.gov/pub/irs-pdf/p590a...

IRS Publication 590-B: "IRA Distributions": https://www.irs.gov/pub/irs-pdf/p490b...

"IRA One Rollover per year Rule": https://www.irs.gov/retirement-plans/...

Intro and background music: “Bluesy Vibes” - Doug Maxwell - YouTube Audio Library

DISCLAIMER:

The information presented in this video is for informational and educational purposes only, and is not intended to render tax advice for specific situations. If you have questions about your specific tax situation, please consult the resources linked above or consult with a qualified tax professional in your community.

The information contained in this video is based on tax law and IRS regulations as of the date of publication, and may be subject to change.