The IRS website is a valuable resource for understanding the intricacies of retirement plan and IRA rollovers. Initially, it provides a thorough explanation of the different rollover types, including direct rollovers, trustee-to-trustee transfers, and 60-day rollovers. Furthermore, the site delves into the conditions necessary for executing these rollovers, their tax implications, and certain limitations, notably the one-rollover-per-year rule for IRAs.

Key IRS Rollover Rules:

– One Rollover Per Year: Limited to one IRA rollover annually.
– 60-Day Rule: Requires completion of rollovers within 60 days post-withdrawal.
– Direct vs. Indirect Rollovers: Direct rollovers seamlessly transfer funds between accounts, whereas indirect rollovers involve the participant first receiving and then redepositing the funds.
– Tax Withholding: A 20% withholding may apply to indirect rollovers.
– Eligible Distributions: Only specific distributions are rollover-eligible.

The Process:

Moreover, to execute rollovers from various accounts like 401(k), 403(b), 457, Defined Benefits, etc., you must initially contact your current custodian to obtain their rollover documentation. After completing and returning these forms, your custodian will process your request, potentially needing your new account number. Once your account is established with uDirect IRA Services, we will provide this new account number. Ensure your current custodian makes the check payable to the custodian: American Estate & Trust FBO your IRA. The check can be mailed either to you for forwarding or directly to the custodian at 6900 Westcliff Dr, Ste. 603, Las Vegas, NV 89145.

For an in-depth understanding of the process and regulations, refer to the [IRS website]. To talk to us about your questions, please reach out via email to