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Rollover |
A rollover occurs when reinvesting funds from a mature security into a new issue of the same or a similar security; transferring the holdings of one retirement plan to another without suffering tax consequences; or moving a forex position to the following delivery date. The distribution from a retirement plan is reported on IRS Form 1099-R and may be limited to one per annum for each IRA. The forex rollover fee arising from the difference in interest rates between the two currencies underlying a transaction is paid to the broker.
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Breaking it Down: |
Rollovers often occur as a way of making money for a specific purpose, such as immediate income from... Read More |
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Direct Rollover |
Direct rollover assets are made payable to the qualified plan or IRA Custodian/Trustee, never to the individual. Read More |
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Eligible Transfer |
An IRS-allowed movement of assets into or out of an individual retirement account and into another type of qualifying account. Read More |
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Rollover IRA |
A rollover IRA is an account that allows for the transfer of assets from an old employer-sponsored retirement account to a traditional IRA. Read More |
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New Issue |
A reference to a security that has been registered, issued and is being sold on a market to the public for the first time. Read More |
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