Partial Rollover

Are there any restrictions or precautions in moving / rollover of just a portion
of an existing IRA to another, new IRA? I think in the past there were restrictive rules.

Specifically, I want to move the cash portion of an existing IRA to another
brokerage trustee IRA (which I will newly create) to take advantage of certain mutual funds they offer (and which the existing brokerage trustee IRA does not have). At the same time, I prefer not to transfer the entire IRA since it holds certain investment products unique to that current brokerage trustee.

If no problem doing such a partial rollover, am I correct that as long as the
rollover is Trustee to Trustee, I would have no restrictions on any future
rollover, even within the next 12 months, should circumstances warrant?

Thanks for the help



There is no reason a partial transfer cannot be done, other than from an IRA in an active 72t plan (per PLR 2007 20023.

If the move is by direct transfer, there is no limit on the # of such transfers. However, if done by rollover, the one rollover per 12 month period per IRA account comes into play.



Add new comment

Log in or register to post comments