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IRA Transfer
(redirected from IRA Transfers)

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IRA Transfer
The exchange of assets in an IRA between two money managers or trustees. That is, an IRA transfer occurs when an account holder wishes to change trustees. In an IRA transfer, the account holder never has direct possession of the assets. It is important not to confuse an IRA transfer with an IRA rollover.

IRA transfer
The direct transfer of assets in an individual retirement account from one trustee to another. With an IRA transfer, the investor does not take physical possession of the IRA assets; thus, there are no tax consequences to the movement of the funds. A direct transfer may result in some lost income to the investor since the funds could remain in transit for a number of days. Compare IRA rollover.


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Many investors aren't aware that gold coins can be used as investment hedges against inflation and stock market losses in their IRA transfers and 401k rollover retirement accounts.
If you believe, as many do, that income and estate tax rates today will be lower than they will when ownership of the IRA transfers to heirs, the conversion makes sense from a tax-efficiency standpoint.
IRA transfers between spouses are only addressed in the concept of divorce; accordingly, the timing and nature of the transaction are critical.
 
 
 
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