Sometimes it is just as important to know how not to do a thing, as it is to learn how to do something. So let's take a moment to discuss what to avoid when choosing your major. 1  Do not leave it for your parents to decide your course of studies.
direct transfer. Definition. The movement of tax-deferred retirement assets from one plan or custodian directly to another. A direct transfer is not a withdrawal and does not incur any taxes or penalties. This allows a person to move his/her retirement assets as many times as he/she wants to plans or custodians that might be more suitable for him/her at that point in time.
Direct Deposit is the safest, fastest and most cost efficient method to receive your payment. In addition, you no longer. have to worry about your check being late, lost, or stolen. NOTE: The Debt Collection Improvement Act of 1996 which. was signed into law on April 26, 1996 required all Federal payments to be made by Electronic Fund Transfer (EFT or. Direct Deposit) beginning January 1, 1999.