A rollover, on the other hand, moves money from one type of retirement account to a different one, such as an IRA to a 401(k). Direct rollovers move the money without liquidating the first account while indirect rollovers make a withdrawal to the account holder before moving the funds in...
Also, the IRA age limit for withdrawal still applies where you can only take penalty (10%) free distributions after you reach age 59½. A Roth IRA also allows you to take a one-time penalty and tax free $10,000 withdrawal if buying your first home. There are exceptions to the above...
IRA RMD Reporting Early Withdrawal of an IRA or 401(k) - SOSEPP Arguments in Favor of a Rollover Converting an Inherited 401(k) to Roth History of the Individual Retirement Arrangement (IRA history) The Post-55 Exception to the 10% Penalty for Withdrawals from 401(k) Social Secur...