On Page 9 of the most recent Consumer Reports (10/14) there is an article titled "New tax rules limit your IRA rollovers."
I am not sure I am understanding it correctly, is states that you can only do one rollover per year starting in 2015. I am thinking the key words are "non-taxable" rollover.
My wife and I are still in accumulation and make too much for the direct Roth contribution, so we put in $916 per month in a non deductible traditional IRA then immediately (over two days or so) roll it into the Roth, resulting in approx 12 'rollovers' per year. Now I am wondering if we are going to have to wait till we have the full amount and do it once per account per year. But it's after tax monies so I am hoping the newly defined rules do not apply.
Has anyone else read this article? Am I on the right track