Definitions for "DIRECT ROLLOVER"
distribution from qualified pension plan, 401(k) plan, or 403(b) plan, that is remitted directly to the trustee, custodian, or issuer of the receiving IRA and is reported to the IRS as a rollover.
A tax-free movement of funds from a Qualified Plan to another Qualified Plan/IRA. A check would be made payable to the receiving custodian for the benefit of the shareowner.
Process by which an eligible rollover distribution is paid directly to an IRA or IRA Rollover Account from the employer-sponsored retirement plan, avoiding the 20% income tax withholding requirement.
Keywords:  disposable, dividend, income
disposable income dividend