If you choose a direct rollover, your payment can be made directly to:
- An individual retirement account (IRA) under Internal Revenue Code section 408(a);
- A Roth IRA as described in Internal Revenue Code section 408(a);/li>
- An individual retirement annuity under Internal Revenue Code section 408(b);
- An Internal Revenue Code Section 403(a) annuity plan;
- An Internal Revenue Code Section 403(b) annuity contract;
- Another employer’s plan qualified under Internal Revenue Code Section 401(a) that accepts your rollover; or
- An eligible Internal Revenue Code section 457(b) plan maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state which agrees to separately account for amounts transferred to it from the Plan.
Beginning in the year you reach your required beginning date, you cannot roll over a certain portion of your payment, because it is a required minimum payment that must be paid directly to you.