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Subject:  Re: Rollover IRA versus Traditional IRA?! Date:  11/1/2000  12:03 PM
Author:  RuleFaker Number:  41403 of 132797

Go to the IRA section of TMF.

About 3 pages in you see a list of the 10 types of IRA's. Here's the scoop on the Rollover…

“7. A Rollover (Conduit) IRA is an IRA set up by an individual to receive a distribution from a qualified retirement plan. Distributions transferred to a rollover IRA are not subject to any contribution limits. Additionally, the distribution may be eligible for subsequent transfer into a qualified retirement plan available through a new employer. To retain this eligibility, the IRA must be composed solely of the original distribution and earnings (i.e., no other contributions or rollovers may be added to or mingled with the IRA), and the new employer's plan must permit the acceptance of rollover contributions.”

From this, I'd say you got the straight skinny from your broker. But if you ever envision rolling into a company plan then don't mix the funds…

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