Question: what is the difference between a direct rollover and a trustee-to-trustee transfer?
Answer: Direct Rollovers are requested by you and funds are sent directly to Midland from your current custodian. Indirect Rollovers are when you take a personal distribution and send the money to Midland within 60 days (if you wait longer than 60 days, you will pay taxes on the money as if it were earned income).