IRA TRANSFER
Transfer of assets from one Individual Retirement Account (IRA) to another. There are no tax obligations from this process because the investor does not possess the assets directly. IRA transfer has two classifications: direct and indirect. A direct transfer involves moving the assets in a present IRA account and transferring those to a different account without liquidating it. An indirect transfer entails liquidating the assets in the present IRA account and using the cash to open another account. This is also called Trustee to Trustee transfer and different from IRA rollover.
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