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June 6, 2019
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RMD and the Indirect Rollover rule

  • June 6, 2019
  • 1 reply
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I recently arranged for a RMD (Required Minimum Distribution) from one of my traditional ire accounts.  Will the fact I took a distribution to fulfill my RMD interfere with my ability to perform an indirect rollover of another IRA which is maturing in January 2019. In other words would I run afoul with the rule of 1 indirect rollover per 12 month period?

I have not done any indirect rollovers in the past 12 months.


Best answer by Critter

The RMD was a distribution not a roll over of any kind so one has nothing to do with the other ... but why are you doing an indirect roll ?   It is much better to do a trustee to trustee roll. 

1 reply

Critter
CritterAnswer
Employee
June 6, 2019

The RMD was a distribution not a roll over of any kind so one has nothing to do with the other ... but why are you doing an indirect roll ?   It is much better to do a trustee to trustee roll. 

waltxj2Author
June 6, 2019
Trustee to trustee rollovers take 1-2 weeks to complete