Reply To: IRA Distribution/Rollover

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#7287
Lewis-H
Participant

The 60-day rollover rule applies to indirect rollovers of all or a portion of the assets in a qualified retirement account, such as an IRA or 401(k). Essentially, once you take a distribution from your account, you’ll owe no interest or penalties if it is redeposited into a qualified retirement account within 60 days.