The 60-Day Rollover Rule is a guideline that applies when you take money out of a retirement account, like a traditional or Roth IRA, and want to move it into another retirement account without paying taxes or penalties. To do this successfully, you must deposit the money into the new account within 60 days of taking it out. If you miss the deadline, the IRS may treat it like a withdrawal, which could trigger taxes and possibly an early withdrawal penalty. This rule only applies to indirect rollovers, where the money is sent to you first instead of being transferred directly between institutions. Because of the strict timeline, it’s important to plan carefully if you’re using this type of rollover.