Direct Transfer

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Dictionary Says

Definition of 'Direct Transfer'

A transfer of assets from one type of tax-deferred retirement plan or account to another. Direct transfers are not considered to be distributions and are therefore not taxable as income or subject to any penalties for early distribution. This type of transfer is now usually done electronically, without a check being cut from one custodian to another.
Investopedia Says

Investopedia explains 'Direct Transfer'

Direct transfers can be effected by the account or plan owner by filling out the requisite paperwork. Most transfers take several days to complete, although this process is now generally faster in the electronic and computer age than in the past. Direct rollovers from qualified plans are a form of direct transfer.
Search results for

'Direct Transfer'

  • A Look At The Generation-Skipping Transfer Tax

    http://www.investopedia.com/articles/tax/09/generation-skipping-transfer-tax-gst.asp
    ... Direct vs. Indirect Skips The taxation of a GST depends on whether the
    transfer is a direct or an indirect skip. A direct skip is ...

  • No Need To Rush End-Of-Career Retirement Planning

    http://www.investopedia.com/articles/retirement/08/IRA-transfer.asp
    ... that about one-third of all rollover opportunities result in a distribution of cash,
    with current tax consequences, rather than a rollover or direct transfer. ...

  • Must-Know Rules For Converting A 401(k) To A Roth

    http://www.investopedia.com/articles/retirement/08/convert-401k-roth.asp
    ... figure. However, in order for the non-spouse beneficiary to take advantage
    of the Roth IRA, they must do a direct transfer. If the ...

  • Estate Planning Must-Haves For Unmarried Couples

    http://www.investopedia.com/articles/retirement/08/unmarried-couple-documents.asp
    ... inherited Roth. In order for the non-spouse beneficiary to take advantage
    of the Roth IRA, a direct transfer is necessary. If the ...

  • Series 6 Study Guide - Retirement and College Savings Plans ...

    http://www.investopedia.com/exam-guide/finra-series-6/retirement-college-savings-plans/distribution-withdrawl-rules.asp
    ... In the case of a direct transfer or direct rollover, the money is sent directly
    from the custodian of the plan to the custodian of the new plan. ...

  • The Pros And Cons Of Internet Banks

    http://www.investopedia.com/articles/pf/11/benefits-and-drawbacks-of-internet-banks.asp
    ... Transfers Accounts can be automatically funded from a traditional bank account via
    electronic transfer. Most direct banks offer unlimited transfers at no cost ...

  • Series 26 Study Guide - Retirement and College Savings Plans ...

    http://www.investopedia.com/exam-guide/series-26/retirement-college-plans/qualified-retirement-plans.asp
    ... In the case of a direct transfer or direct rollover, the money is sent directly
    from the custodian of the plan to the custodian of the new plan. ...

  • Wealth-Building IRA Rollovers

    http://www.investopedia.com/articles/retirement/09/ira-qualified-plan-rollover.asp
    ... or a TSA). This usually involves a direct trustee-to-trustee transfer
    or another means allowable by the IRS. The main advantage ...

  • Taking The Bite Out Of Annuity Losses

    http://www.investopedia.com/articles/pf/05/AnnuityLosses.asp
    ... Full 1035 Exchange: 1035 exchange is a provision in the tax code which allows for
    the direct transfer of accumulated funds in a life insurance policy ...

  • Your First Checking Account

    http://www.investopedia.com/articles/younginvestors/07/checking_account.asp
    ... ie no minimum balance or monthly maintenance fees) if you get direct deposit for ...
    Electronic Funds Transfer When you're away from home and in a financial bind ...

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