The meaning and definition of Individual Retiremen
Post# of 351
Posted On: 03/15/2013 11:45:09 PM
The meaning and definition of Individual Retirement Account Rollover IRA
A tax-free reinvestment of a lump-sum distribution from a qualified retirement plan into an IRA or other qualified plan within 60 days in order to avoid a penalty for early withdrawal. Withdrawals are subject to income tax, and if made prior to age 59 ½, may be subject to a 10% IRS penalty.
(0)
(0)Scroll down for more posts ▼