Direct rollovers can be done to move an IRA from one custodian to another with no penalties and no taxes. Indirect rollovers involve withdrawing all funds in an account to move to a new custodian. In the interval, the money is in the hands of the client. Rollovers from one IRA to another can only be done once per year and must be completed within 60 days.
CFP® certification is a voluntary certification granted in the United States by Certified Financial Planner Board of Standards, Inc. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Individuals who become certified are required to complete continuing education.