Regions Help & Support

An IRA rollover occurs when funds are distributed to an individual who then reinvests the funds in an IRA within 60 days. This often occurs when funds in a retirement plan, such as a 401(k) plan, are distributed to an individual and then are reinvested in an IRA. An IRA transfer occurs when IRA funds are transferred directly (i.e. not distributed to an individual) from the custodian of one IRA to the custodian of another IRA¹.