Sixty-Day Rule
Gold IRA Glossary
The deadline that applies to an indirect rollover: once a retirement plan or IRA pays money to you, you have 60 days to deposit it into another retirement account. Missing the deadline makes the amount a taxable distribution, and a 10% early withdrawal penalty can apply if you are under age 59 1/2. Direct rollovers and trustee-to-trustee transfers avoid the deadline entirely because the money never passes through your hands.
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