What are “IRA transfers” and “IRA rollovers”?
A “rollover” is when you request a distribution from your IRA and then “roll” the assets into a seperate IRA account. You are limited to one “rollover” per year. A transfer is moving the assets in an IRA from one financial institution to another. In a transfer, the owner does not take possession of the assets. There is no limit to how many transfers you can make per year.
