Can distributions from an employers retirement plan be rolled over into an IRA?
Yes. Most distributions from qualified corporate retirement plans, Keogh plans and 403(b) plans can be rolled over into an IRA without owing income tax on the distribution, as long as the reinvestment is made within 60 days after receipt. A “rollover IRA” is usually kept separate and not combined with a regular IRA. The law permits your rollover IRA to be rolled over again at some later date into a new employers pension or profit sharing plan. But you are not allowed to do this if you have ever made regular IRA contributions into your “rollover IRA.
