Eligible Rollover Distribution

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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.

INVESTOPEDIA EXPLAINS '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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  1. Rollover

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  2. Individual Retirement Account - ...

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  3. Transfer

    A change in ownership of an asset, or a movement of funds and/or ...
  4. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt ...
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    A non-qualified, deferred compensation plan established by state ...
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RELATED FAQS
  1. I want to close my IRA account. What percentage will I lose to tax?

    You can move the amount by means of a trustee-to-trustee transfer to another IRA, or roll over the amount to your 401(k). ...
  2. I have several CDs in my IRA with different maturities. Can I roll them over to another ...

    The limitation on rollovers applies on a per IRA basis. In general, if an IRA is involved in an IRA-to-IRA rollover, it cannot ...
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