Freelance Writer Files: Two Little Words (Or is it One?)
1. There’s “roll over” as when you turn on your side to avoid snoring.
2. Then there’s “roll over,” which is what you do to money when you cleverly extract your 401(k) money and magically transfer it into a different 401(k) or an IRA without it going into your hands, thus avoiding paying taxes on it.
3. Then there’s “rollover,” which is what you’ve done. You can even have a Rollover IRA.
To sum it all up:• “Roll over” is a verb form used to request a physical action, as in “Roll over, sweetie, you’re snoring.”
• “Roll over” is also a verb form meaning, “Hey, Herb [your financial adviser]. Take money from my old 401(k) from that crazy sweatshop where I worked until they mercifully canned me, and put it into an IRA.”
• Rollover is a noun that can be used in a sentence like, “I asked Herb to do a rollover of my 401(k) money into an IRA.”
• After Herb fulfilled your request, you could say, “I have a Rollover IRA.”
So don’t ask your dog to do a rollover, or Herb to roll over for you. They just might take it the wrong way.