60 Day Rollover Strategies

60-Day rollovers can help you optimize your retirement savings, but there are various strategies to consider when using one.

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

[sach]

Do I need 2 different accounts, or I can withdraw from an IRA account and deposit is back into the exact same account and still be covered by 60 day rollover rule?

[divekatdreaming]

If I rolled $ out of my IRA, can I return it to my IRA in parts within the 60 day period, or does it need to be rolled back in all at once?

[FlaschDJ]

If I do an erase-and-replace: Withdrawal from a traditional IRA (100% withholding) and redeposit the withdrawal amount within 60 days (a rollover). Is the redeposit a deductible IRA contribution?