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IRA Tax-Free Rollovers

Clarification has been provided to the 2014 change announced by the IRS regarding the way the statutory one-per-year limit applies to rollovers between IRAs. Before 2015, the one-per-year limit applies only on an IRA-by-IRA basis — two or more rollovers involving the same IRA would trigger a violation. Starting in 2015, the limit will apply to an individual’s aggregated IRAs, treating all IRA accounts as one for purposes of applying the limit.

www.planadviser.com; November 11, 2014.