Insights & Ideas

Rollover IRA



A Rollover IRA is basically a Traditional IRA into which you can move money from other retirement plans and accounts and still maintain tax-deferred growth. You can roll over amounts distributed from your employer's retirement plan, from another IRA, a 403(b) account and from certain 457 accounts. For instance, if you're retiring or changing jobs, you can transfer your existing retirement savings accounts into a Rollover IRA, which can simplify managing your funds, possibly save you money on fees, and keep your funds growing on a tax-deferred basis.

A great feature of a Rollover IRA is that there are no taxes or penalties on amounts rolled into it. So, if you're in the process of receiving a distribution from a retirement plan and want to avoid the mandatory 20% federal income tax withholding, simply have the retirement plan directly transfer your proceeds into a Rollover IRA (retirement plans must withhold 20% unless the distribution is a Direct Rollover).

 Important change to Indirect IRA-to-IRA Rollovers (60 day rollovers)

As of January 1, 2015, the IRS is expected to implement a new rule governing indirect IRA-to-IRA rollovers. Once implemented an IRA participant will be restricted to one indirect rollover across all IRAs they hold per 12-month period. Previously the restriction applied between two specific IRA’s. As an alternative, the IRS is advocating trustee-to-trustee transfers as a means for moving money between IRA accounts, tax-free without restriction. For more information, please speak with your tax advisor.

Consider rolling over your existing retirement accounts and distributions from retirement plans into a Dreyfus Rollover IRA. You'll maintain tax-deferred growth, enjoy a variety of investment options, benefit from Dreyfus' investment management expertise, and be able to better oversee your retirement planning progress because all of your funds will be consolidated into a single account.

Call 1-800-443-9790 to learn more about how a Rollover IRA can help you build your retirement savings.


Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus that contains this and other information about the fund, and read it carefully before investing.

This does not constitute tax advice. Consult your tax advisor. There are fees, expenses, taxes and penalties associated with IRAs.

This information is gneral in nature and is not intended to constitute legal or tax advice. Please contact your legal or tax advisor for more detailed information on legal or tax issues and advice on your specific situation. There are fees, expenses and penalties associated with different types of retirement plans.

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