Rollover Roulette: Rollover, Direct Rollover, Direct Payment, Direct Transfer, or Transfer (Part 1: The Terms)Vivian S. McCardell
Direct rollovers are a qualified transfer of assets betweenqualified retirement plans, a 403(b) plan, or a governmental 457 plan. Your plan administrator will transfer the funds directly into your new plan, or issue you a check made payable to your new plan. The key thing to remember is ...