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New Member
posted Apr 11, 2023 4:09:45 PM

retirement distributions

How do you choose  which retirement is considered to be a rollover when you left the funds in the same account after rettirement?

 

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3 Replies
Expert Alumni
Apr 11, 2023 4:19:53 PM

A rollover is when you move the funds from one retirement account to another retirement account.  If you left the funds in the same account, there is no rollover.

Level 15
Apr 11, 2023 4:21:06 PM

If you left the funds in your company pension account there was no rollover. If you transfer the money to your own IRA that would be a rollover. 

Level 10
Apr 11, 2023 4:22:09 PM

If you left retirement funds in the same account you had before retirement, it is not a rollover until you move the funds into a new retirement account.