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IRAs and Rollovers

Q: My client did a direct rollover of his 403(b) account to an IRA six months ago, and now wishes to do an indirect rollover of that IRA to another IRA. I recall something about a 12-month rule. Is it permissible in this situation to do the direct rollover from that IRA to another IRA?

A: Yes, it is! The “once per 12-months rule” applies to the indirect rollover of one IRA to another IRA.