DEFINITION of 'Eligible Rollover Distribution'

A distribution from an IRA, qualified plan, 403(b) plan or 457 plan that is eligible to be rolled over to another eligible retirement plan.

BREAKING DOWN 'Eligible Rollover Distribution'

Often, an eligible rollover distribution occurs when an individual leaves the service of an employer. The rollover rules allow the individual to bring the assets to their IRAs or a retirement plan at a new employer.

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RELATED FAQS
  1. Can I roll over the 401(k) money from my old job into my new company's plan?

    Roll over your old 401(k) to your new employer's 401(k) or other retirement plan. Check with your new plan to ensure eligibility. ... Read Answer >>
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    It is very likely than you will be able to roll over or transfer these amounts after you stop working for your current employer. ... Read Answer >>
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