A Conduit IRA, also known as a Rollover IRA, is a type of individual retirement account used to move money from an old employer-sponsored retirement plan, like a 401k, into an IRA without triggering taxes. It was originally designed to “hold” those funds temporarily, especially if you planned to roll the money back into another employer’s retirement plan in the future. While the rules have changed and conduit IRAs are no longer required for that purpose, the term is still used to describe a rollover account that keeps those transferred funds separate. Keeping the rollover amount in its own IRA can help preserve certain benefits, such as the option to move it back into a workplace plan later on.