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Transfer & Rollover Guide

Answer two quick questions to find out if your account movement is permitted — and what type it is.

1
Delivering
2
Receiving
Result
Traditional IRA or SEP IRA
Traditional IRA or SEP IRA
STEP 1 OF 2
What type of plan are you moving money from?
Traditional IRA or SEP IRA
Roth IRA
Simple IRA
Must be open 2+ years to move to most other plans
Qualified Plan (Non-Roth)
e.g. Traditional 401(k), 403(b), 457(b)
Roth 401(k), Roth 403(b), Roth 457(b)
403(b) or 457(b)
Non-Roth governmental or non-profit plans
ESA (Coverdell Education Savings Account)
529 Education Savings Plan
STEP 2 OF 2
What type of plan are you moving money to?
Traditional IRA or SEP IRA
Roth IRA
Simple IRA
Must be open 2+ years
Qualified Plan (Non-Roth)
e.g. Traditional 401(k), 403(b), 457(b)
Roth 401(k), Roth 403(b), Roth 457(b)
403(b) or 457(b)
Non-Roth governmental ornon-profit plans
ESA
Coverdell Education Savings Account
529
Education Savings Plan
Back
Traditional IRA or SEP IRA
Traditional IRA or SEP IRA

YES — Permitted

Both a direct transfer and one indirect rollover per calendar year are allowed between these two plan types.

Required Form(s):
¹ SIMPLE IRA 2-Year Rule: During the first two years of participation, a SIMPLE IRA may only roll over to another SIMPLE IRA. After two years, rollovers/transfers to a Traditional IRA, SEP IRA, Qualified Plan, or 403(b)/457(b) are permitted; Roth conversions are also allowed.
Traditional IRA or SEP IRA
Traditional IRA or SEP IRA

ROLLOVER Only

Both a direction rollover and an indirect rollover is permitted.

Required Form(s):
Traditional IRA or SEP IRA
Traditional IRA or SEP IRA

Conversion Only

Movement is permitted only as a Roth Conversion. This is a taxable event — consult a tax advisor.

Required Form(s):
Traditional IRA or SEP IRA
Traditional IRA or SEP IRA

Not Permitted

Transfer, direct transfer, and an indirect rollover are not allowed between these two plan types.

Change Receiving PlanStart Over
What each result means
YES / Both
Both direct transfers and rollovers are permitted.
ROLLOVER Only
Only an indirect rollover is permitted; direct transfer is not.
Conversion
Permitted only as a Roth or In-Plan conversion — taxable event may apply.
Not Permitted
Movement between these plan types is not allowed.
1 SIMPLE IRA 2-Year Rule: During the first two years of participation, a SIMPLE IRA may only roll over to another SIMPLE IRA. After two years, rollovers/transfers to a Traditional IRA, SEP IRA, Qualified Plan, or 403(b)/457(b) are permitted; Roth conversions are also allowed.

Disclaimer: For informational purposes only. Consult a qualified tax or financial advisor before initiating any account movement.