Can I rollover (withdraw and re-deposit within 60 days) my RMD into another IRA?

You may move IRA assets from an IRA or qualified plan through a transfer or a rollover. A direct transfer of cash or assets from an IRA to new IBKR IRA account is generally tax-free and does not constitute a rollover. A direct transfer of cash or assets from a qualified plan is always a rollover. A rollover is a tax-free distribution of cash or assets from an IRA or qualified plan that you contribute to a new IBKR IRA account within a 60 day period to complete the rollover transaction. While the rules for rollovers and transfers differ, they accomplish similar objectives. Both rollovers and transfers facilitate the tax-free movement of IRA monies from one trustee or custodian to another…

Traditional IRA, Rollover IRA and Traditional Rollover IRA are synonymous, and they are all able to accept 401K rollovers and contributions (within IRS annual contribution limits). …

You are not allowed to take a loan against an IRA. You may be eligible for a 60 day rollover. We suggest you review the IRS website for additional information…

You have 60 days to complete an IRA rollover.  The period includes the time between your receipt of an IRA distribution and your deposit back into an IRA.  Missing the 60-day deadline can result in additional taxes and penalties.

Additional Information…