From which qualified plans can rollovers into an IRA be made?

Rollovers into an Individual Retirement Account (IRA) can occur from a variety of qualified plans, including both qualified plans like 401(k) plans and 403(b) plans. When an individual changes jobs or retires, they frequently have the option to roll over their retirement savings into an IRA. This rollover maintains the tax-deferred status of the funds.

Qualified plans encompass employer-sponsored retirement plans that meet specific IRS requirements, including 401(k) plans widely utilized in corporate settings and 403(b) plans designed for employees of public schools and certain tax-exempt organizations. The ability to rollover from these plans offers flexibility in managing retirement savings and can often provide more investment options and potentially lower fees than staying within the employer’s plan.

The other options presented don't encompass the full range of possibilities that actually exist for rollovers into an IRA. Understanding the nuances of retirement account rollovers is essential, especially since they can significantly impact an individual's financial strategy for retirement.