IRS Rollovers — A Simple Chart!

Did I actually say IRS and Simple in the same sentence?!

Well, yes, I did.  Most of us believe that it seems like anything related to the IRS is not simple.  And, for most, the conversations of what a “rollover” is, what a “transfer” is and how they are different from each other can make one’s head roll.

However, the following chart is a pretty darn simple and concise explanation of at least what can and cannot be rolled over between plans.  Want to rollover your 403(b) to a 401(k)…it’s there.  Want to rollover a SIMPLE IRA to a 401(k)…it’s there.   You get the point.

Bottom line…this is a brief, concise and relatively easy chart to follow and is good to review.

As always, the information provided is intended to be educational and informative in nature and is not, nor should it be interpreted as, any form of tax, legal, financial or investment advice.  You must always consult with your respective professional in all such matters.