60 Day Indirect Rollover Guide

Avoid tax penalties when executing a 60-day indirect rollover. This video shows my step by step instruction moving my personal Roth IRA from Capital One to Fidelity Investments Step 1: Withdraw money from your retirement account Step 2: Deposit money to the new custodian within 60 days Make sure: The new custodian label the deposit as a 60-day indirect rollover The account is in the same account type (Roth IRAto Roth IRA| Traditional ira to Traditional IRA) pre-tax and post-tax money do not mix Indicate in your 1099-R that the early distribution is non-taxable (see video) Thanks for watching.