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Financial Planning / Tax Strategies


Subject:  Re: Distribution from pension to IRA Date:  4/6/2020  8:04 PM
Author:  irasmilo Number:  130430 of 130894

He should use a direct trustee-to-trustee transfer. There is a rule that allows only one rollover per 12 months. Whether that rule will be enforced this year is unclear (to me; it might have been in one of the COVID-19 laws just enacted). So better to play it safe than discover later that one of the rollovers wasn't allowed and now becomes fully taxable.

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