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rollover

rollover

8 6.2
To move money from one retirement account to another without paying tax
  • noun
  • /ˈroʊlˌoʊvər/
  • Specialized
translation icon : traspaso de fondos (EE. UU.)
  • In this reader's case, though, these dividend-paying stocks or dividend-stock funds are in a rollover IRA, so what's the tax situation there?
  • IRA rollover
  • tax-free rollover
  • 401(k) rollover

Examples

  • How to play rollover with your 401(k)

    Blog text (20)
  • At last accounting, the rollover fund was only $10,000!

    Fiction book (1999)
  • You need to open a rollover IRA and a Roth IRA.

  • And the question is, I'm invested in U.S. dividend stocks in a rollover IRA.

    Blog text (4)
  • l think if you look at DarbaCon's bloated end-of-the-year rollover... ...you'll see it has pretty hair and all the boys are looking at it.

  • The elephant in the room is solicitation of IRA rollovers—technically not within the jurisdiction of the DOL.

    Blog text (13)
  • I cut through this clumsily thrown verbal smog by explaining that I have had dealings before with Mr. Samuel Morse and I know what kind of businessman he is, and that I have already photocopied both sides of all the checks drawn on the rollover account, so I know where the money's gone.

    Fiction book (1999)
  • You can transfer your funds to a new retirement account through a rollover without incurring taxes.

  • Many financial advisors recommend a rollover to consolidate your retirement savings in one account.

  • To avoid penalties, it is important to complete your rollover from your old 401(k) to your new IRA promptly.

Surface Forms

rollover singular
rollovers plural

Morphology

rollover = roll (opaque) = over + roll

The word is built from 'roll' + 'over', but the financial-transfer sense is a specialized metaphorical extension that is not directly predictable from the component meanings. [Postprocessing: moved 'over' from base_words to prefix]

Etymology

Rollover comes from the simple parts roll and over, which give the idea 'to move forward' like rolling a ball into a new place. So a pension rollover is moving your retirement money into a new account without stopping or paying a tax penalty.