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Transfers versus Rollovers—Can be a critical error!

Question: 
If a check is payable “Bank FBO Customer” is it always a transfer?
Answer: 

No. A transfer is IRA to IRA. There is also a direct rollover from a company plan and that check will read the same way.
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Learn more about Deborah Crawford’s webinar IRA - The Basics

First published on 12/15/2019

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