trustee-to-trustee transfer
Definition
A transaction that occurs when moving retirement assets from one managing institution or custodian directly to another. In performing this type of transfer, the assets are not treated as Reportable by the IRS and no penalties or taxes are incurred. There are certain rules and limitations to this type of transfer, such as when dealing with a Simple IRA, Roth IRA or transfer to a qualified Healthcare Savings Account.
Related Articles
- Explanation of the Major Factors Affecting Your Tax Returns *
- Utilizing Grants and Scholarships to Pay for School *
- "Sell Naked Put" Stock Option Investment Strategy *
- Analyzing Investments and Recording Transactions *
- Benefits and Risks Associated with Bonds *
- The Economy: From Boom to Recession *
- Types of Retirement Plans *
- Introduction to Trading and Types of Orders *
Related Videos
http://www.businessdictionary.com/definition/trustee-to-trustee-transfer.html
