New IRS Rule Changes Limit on Rollovers

By Heather Taylor0 Comments
 
A new IRS rollover rule could affect you if you plan to complete an IRA rollover in the future.
 
Effective January 1, 2015, the IRS will allow only one IRA rollover in any 12-month period. In the past, the IRS allowed one rollover per account in a 12-month period; now rollovers are limited to one per person in that same time period.
 
Information on the new IRS rollover rule can be found here.
 
If you’re planning a rollover, consult with your financial or tax advisor to determine the option that best meets your needs. If you have questions or need help completing a form, contact our Client Service Team at 855-233-4382 Option 2, or by email at help@trustetc.com.