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New IRA Rollover rules for 2015
Old 12-07-2014, 09:51 AM   #1
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New IRA Rollover rules for 2015

Stumbled into these new rules for 2015 IRA Rollovers Get New IRS Rules for 2015 - Total Return - WSJ


Reading through this, does this mean for example, that if I have a Traditional IRA at Place 1 and another at Place 2, I can only rollover one of these to a different place OR to a Roth during 2015??
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Old 12-07-2014, 10:12 AM   #2
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The article states that direct trustee-to-trustee rollovers don't count which is probably the most common case. So you could do multiple rollovers in this case.

However, if you actually want the cash in hand (e.g. for a short term loan), you are going to be limited to 1 per year.
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Old 12-07-2014, 10:19 AM   #3
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Originally Posted by bizlady View Post
Stumbled into these new rules for 2015 IRA Rollovers Get New IRS Rules for 2015 - Total Return - WSJ


Reading through this, does this mean for example, that if I have a Traditional IRA at Place 1 and another at Place 2, I can only rollover one of these to a different place OR to a Roth during 2015??
As I read it, the limitation applies if Place 1 sends you a check and you deposit it with Place 2 (e.g. rollover). If you have Place 1 transfer the funds to Place 2 (trustee to trustee transfer), you are not affected by any limitations.
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