Self-Directed IRA Blog

IRA Transfers vs Rollovers: What's the Difference? | IRAR

Written by IRAR Trust Company - Self-Directed IRAs | (November 28, 2023)

If you're saving for retirement, I'm sure you've heard the terms "IRA transfer" and "rollover IRA" before- that's how you get your funds into your IRA without tax penalties! But unless you work at a financial institution, these terms may mean the same thing to you. You're moving your money from one retirement company to another without tax implications- that's the part that matters.

But, there are important distinctions between the two- differences that matter to the IRS. There are different rules and requirements that can impact your taxes if reported incorrectly.

Are you trying to move your retirement savings into a self directed IRA? If you're unsure about the process and want more details, this article breaks down the differences between transfers and rollovers.