The IRS changes its tune on IRAs

A big change in rules announced last week could impact how you manage your retirement savings, especially if you have more than one IRA.

The ruling from the IRS states that the one-rollover-per-year rule that applies to the 50-plus million Americans with an IRA now applies to all IRAs under a taxpayer’s name – not to each IRA individually. 

The ruling from an IRS tax court surprised many industry observers and experts and runs counter to years of advise from the IRS itself. 

To learn more about the ruling and how it may impact your IRA, read the article at this link or give us a call.