An IRA that allows an individual to consolidate retirement dollars from a number of sources, such as 401(k), 403(b), or governmental 457 plans.
An individual retirement account that is set up for only for acquiring a distribution from a qualified plan so the assets can be thereafter rolled over into another qualified plan.
An Individual Retirement Account that an owner establishes by transferring to it a distribution from another IRA or from another qualified retirement plan, which has terminated or from which he or she has terminated. (See also: Individual Retirement Account.)
provision of the law governing IRAs that enables anyone receiving a lump-sum payment from a pension, profit-sharing, or salary reduction plan to transfer the amount into an IRA within 60 days, without incurring any tax liabilities or premature distribution penalties.
A conduit IRA. This Individual Retirement Account holds money taken from your 401(k) plan while you figure out what to do with it.
a distribution received from an employer's qualified retirement plan that is rolled over into an IRA
an Individual Retirement Account designed for people who are leaving a job or retiring and receiving money accumulated in an employer-sponsored retirement plan
a regular IRA that is set up to serve as a receptacle for distributions from a qualified retirement plan or another IRA
a separate account funded by contributions from another qualified plan
a special IRA specifically designed to hold monies rolled over from employer retirement plans
a Traditional IRA that accepts rollovers of all or a portion of your taxable distribution from a retirement plan, or all or a portion of your distribution from another IRA
A traditional IRA holding money from a qualified plan. If not mixed with other contributions, these assets can later be put into another qualified plan. Also known as a conduit IRA.
A tax-free reinvestment of a distribution from a qualified retirement plan into an IRA within a specific time frame, usually 60 days. These transfers can happen when leaving a job at an employer that offered a retirement plan such as a 401(k). The company can issue a check for the amount minus 20% in withheld taxes. To avoid this penalty, the rollover must be done trustee to trustee, meaning that the check is made out to the new trustee or custodian of the rollover IRA.
A traditional or variable annuity product that accepts rollover distributions from certain retirement or tax-deferred annuity plans and other IRAs. The TIAA-CREF Rollover IRA can be used to consolidate retirement money from another plan or from a terminated plan to take advantage of the choices offered by TIAA-CREF. TIAA-CREF eligibility rules apply.
An individual retirement account that is established for the sole purpose of receiving a distribution from a qualified plan so that the assets can subsequently be rolled over into another qualified plan.
A traditional individual retirement account holding money from a qualified plan or 403(b) plan. These assets, as long as they are not mixed with other contributions, can later be rolled over to another qualified plan or 403(b) plan. Also known as a conduit IRA.
A traditional IRA set up by an individual to receive a distribution from a qualified retirement plan.
An individual retirement account (IRA) to which you can transfer assets from other qualified retirement plans.
A traditional individual retirement account holding money from a qualified plan, such as a 401(k). See Getting the Loot to an Individual Retirement Account.
An IRA set up by an individual to receive a distribution from a defined benefit, defined contribution, 403(b), or 457 retirement plan. Distributions transferred to a rollover IRA are not subject to any contribution limits. Additionally, the distribution may be eligible for subsequent transfer into a qualified retirement plan available through a new employer. To retain this eligibility through December 31, 2001, the IRA must be composed solely of the original distribution and earnings (i.e., no other contributions or rollovers may be added to or mingled with the IRA), and the new employer's plan must allow the rollover. After January 1, 2002, commingling of conduit IRA money with other IRA or qualified retirement plan money is permitted, and the mixing of such monies will have no impact on the ability to transfer those assets to a new employer's retirement plan.
A type of Individual Retirement Account that allows retirement savings to grow tax-free. You pay taxes on contributions, but not on withdrawals (subject to certain rules). To participate in a Roth IRA, taxpayers are subject to certain income limits.
An individual retirement account started to receive all or part of the taxable portion of an eligible distribution from a tax-qualified retirement plan. See "eligible rollover distribution."
A type of IRA that allows employees who receive a lump-sum distribution upon leaving an employer, or upon termination of an employer's qualified retirement plan, to deposit all or any portion of the funds in an IRA. The portion of eligible distribution that is put into such an account enjoys the same tax-deferral status as a regular IRA.