IRA transfer

IRA Transfer

The exchange of assets in an IRA between two money managers or trustees. That is, an IRA transfer occurs when an account holder wishes to change trustees. In an IRA transfer, the account holder never has direct possession of the assets. It is important not to confuse an IRA transfer with an IRA rollover.

IRA transfer

The direct transfer of assets in an individual retirement account from one trustee to another. With an IRA transfer, the investor does not take physical possession of the IRA assets; thus, there are no tax consequences to the movement of the funds. A direct transfer may result in some lost income to the investor since the funds could remain in transit for a number of days. Compare IRA rollover.

单词	ira transfer
释义	IRA transfer IRA Transfer The exchange of assets in an IRA between two money managers or trustees. That is, an IRA transfer occurs when an account holder wishes to change trustees. In an IRA transfer, the account holder never has direct possession of the assets. It is important not to confuse an IRA transfer with an IRA rollover. IRA transfer The direct transfer of assets in an individual retirement account from one trustee to another. With an IRA transfer, the investor does not take physical possession of the IRA assets; thus, there are no tax consequences to the movement of the funds. A direct transfer may result in some lost income to the investor since the funds could remain in transit for a number of days. Compare IRA rollover.
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