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In a direct rollover, ... “There is a limit for one rollover per 12-month period, to avoid constant cash-outs and re-deposits of IRAs,” says Ouellette. ... and this once-a-year rule does not ...
As of 2015, you can only do one rollover of that kind per 12 months regardless of how many brokerage accounts you own. It used to be limited by the number of IRA brokerage accounts.
You can transfer your funds either through a direct rollover or an indirect rollover. An indirect rollover requires you to cash out your 401(k) and deposit the funds into your IRA within 60 days.
If the Solo 401(k) plan documents allows them, an in-plan Roth rollover can be done as either a direct or 60-day rollover. For a direct rollover, the plan trustee transfers the non-Roth amount to a designated Roth account in the same plan. In-plan Roth rollovers of amounts not normally distributable must be accomplished via a direct rollover.
There is also a maximum 401(k) contribution limit that applies to all employee and employer 401(k) contributions in a calendar year. This limit is the section 415 limit, which is the lesser of 100% of the employee's total pre-tax compensation or $56,000 for 2019, or $57,000 in 2020.
The first type is the direct rollover or 401(k) to 401(k) rollover, where retirement savings are transferred directly from your old employer’s 401(k) plan to a new one.