IRA transfer

(redirected from IRA Transfers)

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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IRA transfers from bank CDs into Fidelity were triple last year's levels, although the firm also received a higher-than-normal percentage of transfers from other brokerage and mutual fund companies.
In the current economy, IRA transfers are fast becoming a significant source of potential deposit increases for many banks and financial institutions.
West mentions that popular retirement accounts such as IRA transfers and 401k rollovers can be easily moved into gold backed IRAs.
Our free Investment Gold Guide truly makes it easy to start a gold investment strategy and even has details on investing in gold in retirement accounts, such as gold backed IRA transfers and 401k rollovers," Brace said.
The movement of retirement funds each year in the form of IRA rollovers, IRA transfers and transfers of taxable money earmarked for retirement is estimated to be $303 billion.
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.
Janguard's specialty is helping investors with 401k rollovers and IRA transfers.
IRA transfers between spouses are only addressed in the concept of divorce; accordingly, the timing and nature of the transaction are critical.
IRA transfers and rollovers from these plans may also be used to open new accounts.
the pioneer and an acknowledged authority in self-direction, announced today it will be offering complimentary self-directed IRA transfers and rollovers through April 15, 2014.
Since there is no statutory definition as to whether such IRA transfers are IRD, one could assume they should be treated in a similar manner to other income deferral vehicles, such as deferred compensation and Series E bonds, both of which are IRD items.