Rollover
What is it? Transfer of funds from one tax-deferred retirement savings plan to another. Once a year you are allowed to take your money out of one IRA tax-free and put it into another. You have 60 days to complete the rollover, which means you can tap your nest egg for a short-term loan. But be sure to put the money into a new fund on time or you will be liable for income taxes -- and a 10% penalty if you are under 59?.Added By: Riley
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