A trustee-to-trustee rollover is the preferred way to transfer one retirement account to another. All of these are potential problems when taxpayers take the distribution and handle the rollover themselves EXCEPT:

a- The taxpayer must complete the entire rollover process within 60 days or the distribution will be taxable.

b-The taxpayer is subject to a penalty if they try to do a rollover from the same IRA more than once per year.

c-The distribution is subject to 20% withholding, and the taxpayer must come up with this amount themselves or it will be taxable

d-The taxpayer cannot claim an exception to the 10% penalty