TAXPAYERS HAVE THE FLEXIBILITY to transfer funds from a qualified plan to an IRA either by a trustee to trustee transfer or by a personal rollover. They are limited to one rollover every 365 days, and it must be com pleted within 60 days of the initial distribution. Initially, there were no exceptions to complying with the 60-days limit since the Internal Revenue Code (IRC) didn't provide the IRS any flexibility in applying this rule.
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