Pension Rollover

0.02 sec.

Pension Rollover

The transfer of funds from a retirement account to an IRA. This usually occurs when an account holder takes a new job or otherwise wishes to take advantage of the tax benefits an IRA offers over a pension plan. Most IRA programs only allow one rollover per year; with a Roth IRA, there is an income limit beyond which a rollover is not allowed. An IRA rollover may be accomplished through a direct transfer or by check; however, a check transfer brings a 20% withholding charge, so account holders are advised to make direct transfers. See also: Automatic Rollover.

pension rollover

Reinvestment of a lump-sum pension payout into an individual retirement account. The rollover permits a pension beneficiary to defer taxation until funds are paid out of the individual retirement account. A pension rollover is an alternative to paying taxes on a lump-sum payout, either in one year or by averaging over a number of years.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Rollover			Opportunity in the Pension Rollover Market Figures are based on the money that became available for lump-sum distribution each year. Capturing retirement rollovers: life insurers have a lot to offer ... by Panko, Ron / Best's Review However, Letter Ruling 9253049 stated that, generally, an IRA is not a pension, but could be treated as one if the IRA amounts came from a pension rollover and the recipient was at least 59 1/2 years old. Taxation of IRA distribution to a treaty country resident by Fletcher, Eric S. / The Tax Adviser			Penalty Bid Penalty Clause Penalty Fee Penalty for Underpayment of Estimated Tax Penalty Plan Penalty Tax Pence pencil out Penetration pennant Penni Penny Penny Stock Penny Stock Reform Act Pennying Pension Pension Benefit Guaranty Corporation Pension Cost Pension Fund Pension Liabilities Pension Maximization Pension Parachute Pension Plan Pension Protection Act of 2006 Pension Reversion Pension Rollover Pension Shortfall Pension Sponsor Pension Sponsors Pension/Annuity Starting Date Pensioner Pensionistico Pensions penthouse Penultimate Profit Prospect Peon People Pill People's Bank of China PEPS Pequeno inversor PER per annum per capita Per Capita Debt Per Capita Income per diem charge Per Diem Interest per door Per Mille Per Se Per Share Basis			pension off pension off pension off Pension parachute Pension Parachutes Pension Payment Order pension plan pension plan pension plan pension plan Pension Plan Vesting Pension Plan Vesting pension plans pension plans pension plans pension plans pension plans Pension Protection Act Pension Protection Act of 2006 Pension Protection Act of 2006 Pension Protection Fund Pension Protection Fund Ombudsman Pension Real Estate Association Pension Reasonable Benefit Limit Pension Reform Options Simulation Toolkit Pension Research Council Pension Reserves Investment Management Pension Reserves Investment Trust Pension reversion Pension Rights Center Pension Rollover Pension Rollovers Pension scheme Pension Security Act Pension Shortfall Pension Shortfalls Pension Sponsor Pension sponsors Pension Welfare Benefit Agency Pension/Annuity Starting Date pensionability pensionable pensionable pensionable pensionable pensionaries pensionaries pensionary pensionary pensioned pensioned pensioned pensioned pensioned off pensioned off pensioned off pensioned off pensioneer trustee pensioner pensioner pensioner

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.