In most cases there is no limit on the amount you may transfer or roll over into an IRA because you are simply moving the money from one type of retirement plan to another. You may transfer or roll over your IRA regardless of your age. However, if you are 70? or older, you must receive a minimum required distribution from your IRA each year. This should be taken into account in planning your rollover.

A rollover requires a distribution from an IRA or qualified plan, which is then rolled over into an IRA account within a 60 day period to complete the rollover transaction. While the rules for rollovers and transfers differ, they accomplish similar objectives. Both rollovers and transfers facilitate the tax-free movement of IRA monies from one trustee or custodian to another. See similar questions...

Yes. If you have left the federal government for at least 31 days, you can have your TSP funds rolled over to a Rollover IRA. Keep in mind that you need to first select a financial institution and the investment that will receive your TSP account balance for a trustee-to-trustee transfer. You must not receive any of your TSP funds to avoid income taxes. If you do, the TSP office will be required to withhold taxes from your TSP distribution. See similar questions...

You can transfer existing IRA assets into a new IRA account by completing the Driehaus Mutual Funds IRA Application and the Transfer of Assets Form, found in the online IRA application kits.  You must check the “transfer of assets” box.  This gives PFPC, Driehaus Mutual Funds' transfer agent, permission to request your assets from your current IRA custodian. See similar questions...

When you open a Rollover IRA to receive a qualified distribution, you can defer any current tax liability on that distribution and your funds can continue to grow on a tax-deferred basis until you withdraw them. Morgan Stanley and its Financial Advisors do not offer tax advice. Individuals should consult their personal tax advisor before making any tax-related investment decisions. Branch Locator | Site Map | Privacy | Terms of Use | Disclosures | Morgan Stanley DW Inc. See similar questions...

There is no limit on the amount that can be converted to a Roth IRA as long as your modified adjusted gross income is below $100,000 per year. Not so. Any amount can be converted to a Roth IRA if you meet the $100,000 per year income limit. However, only $3,000 in 2003 can be contributed to a Roth IRA subject to certain income limits. Investors 50 years old or above may make an additional "catch-up" contribution of $500, bringing their total to $3,500 for the year. See similar questions...

You may name a spouse, a family member, or another party as beneficiary of your rollover IRA. Beneficiary decisions are usually revocable and careful thought should be given to the tax and distribution ramifications of your final choice. See similar questions...

Yes. Traditional IRAs as well as other qualified retirement plans are subject to mandatory required minimum distributions (RMD) that must begin by April 1st of the year after the year in which a participant reaches age 70 ½. Not meeting the RMD or forgetting to distribute tax qualified funds after age 70 ½ will generally result in an IRS 50% excise tax. Our rollover specialists can help you to determine your RMD. See similar questions...

If you have been covered by your employer's retirement plan and are about to receive a qualified distribution from that plan, you may be eligible to establish a Rollover IRA. You may establish a Rollover IRA at any age. See similar questions...

Yes. A rollover takes place when the IRA funds are paid directly to you and re-deposited (roll-over) into an IRA within 60 calendar days of receipt. The 60-day period begins the day after you receive the payment. A rollover transaction from an IRA may not occur more than once during a 12-month period. This 12-month rule applies to each separate IRA you own and is determined from the date the IRA funds are received. See similar questions...

Contact an Information Representative by calling 1-800-843-5233. Once the auto attendant answers your call, press 2 or hold and you will be automatically transferred. The Information Representative will need the following information: name, address, phone number, date of birth, and social security number. The same information is needed for the primary and contingent beneficiaries. See similar questions...

Yes. Couples who are married filing separately may convert their Rollover or regular IRAs to a Roth IRA but only if they have been living separately from their spouse for the entire taxable year and meet the $100,000 modified adjusted gross income limit individually. See similar questions...

Yes. You can convert as much or as little as you like of your Rollover or regular IRA to a Roth IRA each year as long as you meet the annual income limit. Partial conversions will allow you to manage and better plan for the taxes that you must pay on your converted amounts. See similar questions...

You get to withdraw money from your Roth IRA tax-free after at least five (5) years and if you are over age 59-1/2. You will not be required to withdraw a minimum amount from your Roth IRA after reaching age 70-1/2. Thus, your money can continue to grow tax-free until you really need to access it. See similar questions...

You may be able to transfer your IRA balance into your new plan if the new plan accepts rollovers from IRAs. Before rolling your money into a new plan, you should compare the plan’s investment options and withdrawal rules with those of your IRA. You may give up some flexibility or face stricter requirements if you make the move. See similar questions...

A rollover is when your existing IRA custodian issues a check to you (this can only be done once a year). A transfer of assets is when your funds are sent directly between custodians.  To avoid income tax and a penalty tax on the rollover, you have 60 days from the date you receive your rollover check to invest the assets in another qualified IRA plan. There are no time constraints when you transfer assets directly between IRA custodians. See similar questions...

You can contribute up to $4,000 ($4,500 if you are age 50 or older in 2005 and $5,000 if you are age 50 or older in 2006) or up to 100% of your compensation whichever is less. If you are eligible to do so, you may contribute to both a Traditional IRA and a Roth IRA in the same year, but the total amount you contribute cannot exceed the annual limits. Roth IRA contributions are not tax deductible. See similar questions...

No. IRAs may only be transferred to the same type of IRA (i.e. Traditional to Traditional, Roth to Roth, etc.) Also note that IRAs cannot contain any margin loans, short positions, or equity option positions. See similar questions...