Moving retirement accounts
The distribution, rollover, Roth conversion, and transfer rules apply to tax-deferred retirement accounts.
Explore
Take RMD before Converting to Roth IRA
Only amounts that are rollover eligible can be converted or rolled over to a Roth IRA. Required minimum distribution (RMD) amounts are not rollover eligible.
Year-End IRA Tip: Roth IRA Conversions
If you want to complete a Roth conversion this year, it must be done by December 31. Bear in mind that a Roth conversion is
Transfer of IRA to spouse under private agreement is not allowed
If you are required to share your retirement accounts with your spouse (or former) as a result of a divorce or legal separation, it should
Recharacterizations- What Must be Done by the Deadline
Important: The Tax Cuts and Jobs Act of 2017 repealed the option to recharacterize Roth conversions, for Roth conversions done after 2017. As such,
Recharacterizations can be done in-kind
Important: The Tax Cuts and Jobs Act of 2017 repealed the option to recharacterize Roth conversions, for Roth conversions done after 2017. As such,
October 15: Deadline for Completing Recharacterizations
October 15, 2020 is the deadline by which recharacterizations of 2019 regular Roth and Traditional IRA contributions must be completed October 15, 2020 is the
Transfer
Definition A nonreportable movement of assets between retirement accounts of the same type. Generally, transfers occur between: Two traditional IRAs A traditional IRA and a
