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Guide to Rollover IRA Eligibility and Benefits 

Eligibility

Persons receiving a distribution eligible for rollover from a retirement plan  

Rollovers

Any amount may be rolled over
Must be rolled into an IRA within 60 days of the distribution
Account owners can only make one indirect rollover per 12-month period
Direct transfers are the preferred method of rollover 

Distribution Regulations

Minimum distributions begin at age 70 1/2
Distributions which avoid IRS withdrawal penalty
- Death or disability
- First time home purchase ($10,000 maximum)
- Qualified higher education expenses
- Age 59 1/2
- Medical expenses (in excess of 7.5% of AGI)
- Health insurance if unemployed
- Received as substantially equal periodic payments over owner's life expectancy (72(t))

Who May Invest

Persons receiving a lump sum distribution from a retirement plan 

Benefits

Earnings compound tax-deferred
Avoids taxes and penalties
Beneficiaries can "stretch" the required minimum distributions

 


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Services are offered through and securities distributed by Security Distributors, a subsidiary of Security Benefit Corporation (Security Benefit).

Security Benefit is a leading provider of retirement plan services throughout the nation, primarily in the education marketplace. Security Benefit offers trust account programs under 401(k) and 401(a) and under §401 of the Internal Revenue Code; voluntary custodial accounts under 403(b)(7) ERISA and 403(b)(7) of the Internal Revenue Code; §457 Governmental Programs; and trust account Top Hat programs under §457(g) of the Internal Revenue Code; and Voluntary Employees' Beneficiary Association (VEBA) trust programs qualified under Section 501(c)(9) of the Internal Revenue Code.

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