The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Church Retirement Fund||Date: 2/12/2013 12:45 PM|
|Author: ptheland||Number: 117743 of 124467|
Does it make sense that one can't EVER do a rollover?
Making sense has nothing to do with it. We're dealing with tax law, not logic.
An IRA or other qualified retirement plan can only accept rollovers from other qualified retirement plans. Since your plan is a non-qualified retirement plan, there is no other plan available that can accept a rollover.
Bottom line - you're stuck with this plan for life.
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