You can also have your financial institution or plan directly transfer the payment to another plan or IRA. IRA Rollover vs. A direct rollover is when moving funds from a qualified retirement plan that is not an IRA, like a 401(k) plan, into a Traditional IRA. The Rollover Chart (PDF) summarizes allowable rollover transactions. Let's start by defining some important terms: transfer and rollover. Janguard … Rollover and transfer are two ways in which the movement of funds to or from an IRA can be done. The funds are sent directly from one provider to another, so you don’t see the funds before they hit your new account. What Is the Difference Between an IRA Rollover & an IRA Transfer of Funds?. Most pre-retirement payments you receive from a retirement plan or IRA can be “rolled over” by depositing the payment in another retirement plan or IRA within 60 days. Transfer: Critical Questions All investments carry risk and it is the responsibility of the investor to evaulate such factors before investing. Rollover vs Transfer An IRA or Individual Retirement Account allows an individual to contribute funds towards their retirement and is held by a financial institution, which is known as the custodian. Moving funds to or from an individual retirement account can be accomplished by means of … The main difference between transfers and rollovers is that you can only transfer money between two retirement accounts of the same type -- an old 401(k) to a new 401(k), for example, or one traditional IRA to another traditional IRA [source: Charles Schwab].

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