Ask the Experts!
The professionals at Advanced Underwriting Consultants (AUC) answer the tax and technical questions posed by producers. Here’s the question of the day.
Question: Is there a reliable source for information about the types of accounts that are eligible for rollover?
Answer: Yes. The IRS has such a chart on its website. We have reproduced it below.
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Roll To |
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|
Roth IRA |
IRA (Tra-ditional) |
SIMPLE IRA |
SEP IRA |
457(b) (Gov’t) |
Qualified Plan[1] |
403(b) (pre-tax) |
Designated Roth Account (401(k), 403(b), or 457(b))[2] |
||
|
Roll From |
Roth IRA |
Yes |
No |
No |
No |
No |
No |
No |
No |
|
IRA |
Yes[3] |
Yes |
No |
Yes |
Yes4 |
Yes |
Yes |
No |
|
|
SIMPLE |
Yes3 (after two years) |
Yes (after two years) |
Yes |
Yes (after two years) |
Yes[4] (after two years) |
Yes (after two years) |
Yes (after two years) |
No |
|
|
SEP |
Yes3 |
Yes |
No |
Yes |
Yes4 |
Yes |
Yes |
No |
|
|
457(b) (Gov’t) |
Yes3 |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
Yes3 [5], After 12/31/10 |
|
|
Qualified Plan1 |
Yes3 |
Yes |
No |
Yes |
Yes4 |
Yes |
Yes |
Yes3 5, After 12/31/10 |
|
|
403(b) |
Yes3 |
Yes |
No |
Yes |
Yes4 |
Yes |
Yes |
Yes3 5, After 12/31/10 |
|
|
Designated Roth Account |
Yes |
No |
No |
No |
No |
No |
No |
Yes, if a direct trustee to trustee transfer |
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