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Finra Series-7 Exam - Topic 3 Question 126 Discussion

A tax-free rollover of assets between qualified retirement plans for the benefit of a specific individual is permitted so long as it is accomplished within:
B) 60 days
A) 30 days
C) 90 days
D) one year

Finra Series-7 Exam - Topic 3 Question 126 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 126
Topic #: 3
[All Series-7 Questions]

A tax-free rollover of assets between qualified retirement plans for the benefit of a specific individual is permitted so long as it is accomplished within:

Show Suggested Answer Hide Answer
Suggested Answer: B

60 days. ERISA permits 60 days for rollovers.


by Donette at May 14, 2026, 05:50 AM

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Gerald
2 days ago
I think it's 60 days. Seems reasonable.
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Justa
7 days ago
Yup, 60 days is the rule!
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Gaston
12 days ago
Wait, are you all sure about that? Seems too short!
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Truman
17 days ago
Definitely 60 days, that's the standard.
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Weldon
23 days ago
I thought it was 90 days, but I guess not.
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Laurel
28 days ago
It's 60 days for sure!
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Eve
1 month ago
60 days is correct, but it feels too short!
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Jettie
1 month ago
Really? I thought it was longer than that.
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Lucy
1 month ago
Definitely 60 days, that's the standard.
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Carmen
2 months ago
I thought it was 90 days, but I guess not.
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Charlene
2 months ago
It's 60 days for sure!
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Chanel
2 months ago
I thought it was one year for some reason, but now I’m second-guessing myself. I should have reviewed that section more thoroughly.
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Catherin
2 months ago
I’m a bit confused. Was it 90 days or 60 days? I can’t recall the exact detail from my studies.
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Madalyn
2 months ago
I feel like I’ve seen a similar question before, and it was definitely 60 days. It’s a common rule for rollovers, right?
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Luis
4 months ago
I think the answer might be 60 days, but I’m not completely sure. I remember something about that timeframe from my notes.
upvoted 0 times
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