One Per Year IRA Rollover Update

In light of the disappointing Supreme Court ruling earlier this year, the IRS has announced that there will be a cushion to allow IRA owners time to adjust to the Supreme Court’s new and constrictive interpretation of Internal Revenue Code 408(d)(3)(B). The Court’s ruling limits IRA rollovers to one per year regardless of the number of IRAs you may have.

The latest development on this issue from the IRS is that they will delay implementation of this rule until January 1, 2015, at the earliest.


More Updates


For trusts that inherited an IRA in 2019, an important deadline is approaching. The due date to provide required trust documentation to the IRA custodian to ensure that the longest payout period possible is available for the inherited IRA is October 31, 2020. Generally, only individuals who are named on an IRA beneficiary form can

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The coronavirus-related distribution (CRD) rules for Roth conversions have a gaping hole. An “affected person” (as we have defined in previous blogs), is entitled under the CARES Act to withdraw up to $100,000 from their IRA or workplace retirement plan. A CRD avoids the 10% early distribution penalty for those under 59 1/2, can be

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Rolling Over an RMD

Like most people’s lives, the retirement world is upside down. This is made evident by a single statement: “Required minimum distributions (RMDs) can be rolled over.” Yes, that is the new normal—at least for this year. RMDs are considered the first money out of an IRA and workplace plan. Typically, these dollars are ineligible to

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