This IRA Rollover Mistake Could Trigger a Massive Tax Bill

If you have an IRA and want to roll it over to another retirement account, there's some good news: It's entirely doable. However, a rollover is not without risk. Consider this a primer on the regulations governing the 60-day rule and how you can protect your assets.Image source: Getty Images.The biggest mistake you can make when rolling one retirement account over to another involves the 60-day rule. Any time you take a distribution from your IRA with the intention of putting the money in another account, you have precisely 60 days to complete the transfer. If you miss that deadline by even a single day, the IRS considers the entire distribution taxable income.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool