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Financial Planning / Foolish 401(k)s


Subject:  403b rollover Date:  7/27/2010  1:24 PM
Author:  wic770 Number:  24536 of 26116

I have read that you are only allowed to make one rollover from an IRA to another IRA in a 12 month period. Does that apply to rollovers from a 403b to an IRA too? Unaware of that restriction I made a parital rollover from my 403b to an IRA and planned to rollover the remainder of the 403b to a second IRA. Can I do that without incurring a penalty?
Thanks, Bill
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