Save time with our cheat sheets, fact sheets, checklists & books!

March 3, 2009

What is a transfer?


What is a transfer?

What is a transfer?

A transfer is a non-reportable movement of assets, generally occurring between retirement accounts of the same type. For instance, from one Traditional IRA to another Traditional IRA. Assets are made payable to the receiving financial institution or plan for the benefit of the participant. The term trustee-to-trustee transfer is also used to refer to a ‘transfer’, and is sometimes used to refer to a direct rollover or a direct Roth conversion, to indicate that the assets are exchanged directly between custodians/trustees.


Keep Learning

Catch-up Contribution

Definition An additional contribution that can be made to a retirement plan by a participant who is at least age-50 by the end of the

Salary Deferral Contribution

Definition A contribution made pursuant to a participant’s election to have a portion of his/her salary/wages  contributed to his/ her employer sponsored plan  rather than

Key Employee

Definition An employee who, at any time during the plan year, is (i) an officer of the employer having an annual compensation greater than $180,000,

Be among the first to know when

IRA Rules