A "Rollover" is when you transfer the balance from one tax-advantaged account to another. Whether you're rolling over an employer plan to an IRA, one IRA to another, or a prior employer's plan into a new employer's plan, this video explains the different types of rollovers and how they work. It also outlines some pitfalls to avoid when completing a rollover.
If you want to take a closer look at the 1099R Form: click here: [ Ссылка ]
Additional information and resources:
IRS Publication 17: "Your Federal Income Tax": [ Ссылка ]
IRS Publication 590-A: "IRA Contributions": [ Ссылка ]
IRS Publication 590-B: "IRA Distributions": [ Ссылка ]
"IRA One Rollover per year Rule": [ Ссылка ]
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Intro and background music: “Bluesy Vibes” - Doug Maxwell - YouTube Audio Library
DISCLAIMER:
The information presented in this video is for informational and educational purposes only, and is not intended to render tax advice for specific situations. If you have questions about your specific tax situation, please consult the resources linked above or consult with a qualified tax professional in your community.
The information contained in this video is based on tax law and IRS regulations as of the date of publication, and may be subject to change.
