trustee to trustee transfer - Financial Planners, Articles and Q&A

Trustee-to-Trustee Transfer

Trustee-to-trustee transfers used in the movement of various forms of retirement policies. In this regard, they are similar to rollovers, however they are not the same. Rollovers are regulated by waiting periods because they involve distribution to the owner during the process. There is no distribution to the owner in a trustee-to-trustee transfer, so there are no waiting periods. When the owner is the same for both accounts, these transfers can occur from IRA to IRA (or SEP IRA), Roth IRA to Roth IRA, simple IRA to simple IRA (or traditional or SEP IRA).

Fast Facts

Qualified plans can be transferred to another qualified plan when the same employer is the sponsor of both.
These types of transfers are completely tax-free.

trustee to trustee transfer - Financial Planners, Articles and Q&A

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