The color scheme was created by TV. journalist Tim Russert on the Today Show, and NBC program, during coverage of the 2000 presidential election. The red color is associated â¦ with the Republican Party and the blue color is associated with the Democratic Party. Another NBC journalist John Chancellor used the system as well in 1976, but his color scheme was reversed. People needed to differentiate between the two parties on big T.V. maps so it just stuck.
If you want to move your IRA, you have two options. The first is a rollover and the second is a transfer. The difference between the two is whether you take receipt of the money in the IRA. In a rollover, you cash out your IRA and have up to 60 days to put it into a new one or you pay penalties and taxes.
But in a rollover, your current institution sends the funds to you, and then it's your job to get that money to the new institution. The rollover rules give you 60 days from the date of the distribution to get that money into the new account. But they also allow you to redeposit the money back into the existing IRA, acknowledging the fact that IRA accountholders will sometimes change their minds about a provider switch. As a result, if you can fit within the 60-day rollover window, you can simply redeposit the full amount of the distribution back into your IRA.