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If you move your assets from one investment to another, it's called a rollover.
For example, if you move money from one individual retirement account (IRA) to another IRA, that transaction is a rollover. In the same vein, if you move money from a qualified retirement plan, such as a 401(k), into an IRA, you create a rollover IRA.
Similarly, when a bond or certificate of deposit (CD) matures, you can roll over the assets into another bond or time deposit.Yahoo Finance - Cite This Source - This Definition
- Browse Related Terms: 403(b) Plan, Central Registration Depository (CRD), Conduit IRA, Funds Receivable, Guaranteed investment contract (GIC), IRA rollover, Plan administrator, Plan provider, Plan sponsor, Rollover, Rollover IRA, transfer
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A tax-deferred transfer of funds from one qualified retirement plan to another (see Direct Rollover) .South Carolina Retirement Systems - Cite This Source - This Definition
- Browse Related Terms: 401(k) Savings Plan and 457 Savings Plan, Average Final Compensation (AFC), Defined Contribution Plan, Direct Rollover, IRC Section 401(a), Lump-Sum Distribution, Qualified Domestic Relations Order (QDRO), Qualified Plan, Rollover, Roth 401(k) Savings Plan, Single-Sum Distribution, Tax-Deferred
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