I’ll just note one other point. The idea behind allowing people to roll the money back to the IRA from which it came is to deal with the situation where some kind of change in circumstances prevented completion of the planned rollover. The IRS doesn’t approve of using this technique as a way to obtain a short-term loan from an IRA. I haven’t heard of them going after people who do this with modest amounts as mentioned here, but people who present this as an accepted technique are promoting a misconception. Of course, there’s nothing to prevent someone from taking money out, using it for 59 days, then rolling it into a different IRA, with the same effect but without any grounds for objection from the IRS.