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Author: ZorroFool One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121114  
Subject: Re: ira roll over Date: 1/27/1999 1:09 PM
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[[can someone tell me how many days you have to move money out of an ira and
back into another ira with out incurring a penalty]]

Generally 60 days from the date of the original distribution. Which is why the trustee to trustee transfer is a MUCH better option (in most cases).

And remember that once you do this, you can't do it again for another 12 months.


Just to clarify, when Roy refers to the 12-month limitation, that applies to the situation where you actually receive a check form your IRA made out to you (and then you have 60 days to redeposit it in another IRA).

When you use the trustee-to-trustee transfer, there is no limit on how many times you can do it each year, as I understand Pub. 590. Is this correct, Roy?
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