Series 6 - Investment Company And Variable Contracts Products Representative Exam

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When an IRA owner takes temporary ownership of the IRA account funds when moving the account to a new custodian, this is called a:

Transfer
A
Conduit
B
Rollover
C
Temporary distribution
D
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Explanations

A rollover occurs when an IRA owner takes temporary ownership of IRA account funds when moving them from one custodian to another custodian.

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