Trustee-to-trustee transfer

Trustee-to-trustee transfer,

Definition of Trustee-to-trustee transfer:

  1. A transaction that occurs when moving retirement assets from one managing institution or custodian directly to another. In performing this type of transfer, the assets are not treated as Reportable by the IRS and no penalties or taxes are incurred. There are certain rules and limitations to this type of transfer, such as when dealing with a Simple IRA, Roth IRA or transfer to a qualified Healthcare Savings Account.

Meaning of Trustee-to-trustee transfer & Trustee-to-trustee transfer Definition