Individual Retirement Account (Rollover IRA) is a tax-free reinvestment of a lump-sum distribution from a qualified retirement plan into an IRA or other qualified plan within 60 days in order to avoid a penalty for early withdrawal. Withdrawals are subject to income tax, and if made prior to age 59 ½, may be subject to a 10% IRS penalty.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). individual retirement account (rollover ira). Retrieved October 1, 2026, from http://smartdefine.org/individual_retirement_account_(rollover_ira)/definitions/1156006 |
| Chicago | Barry Goldsmith. 2010. "individual retirement account (rollover ira)" http://smartdefine.org/individual_retirement_account_(rollover_ira)/definitions/1156006 (accessed October 1, 2026). |
| Harvard | Barry Goldsmith 2010, individual retirement account (rollover ira), Smart Define, viewed 1 October, 2026, <http://smartdefine.org/individual_retirement_account_(rollover_ira)/definitions/1156006>. |
| MLA | Barry Goldsmith. "individual retirement account (rollover ira)" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/individual_retirement_account_(rollover_ira)/definitions/1156006> |