Related: Morningstar Launches Best-Interest Tool to Help Advisors Explain Rollovers
Yet, using that same EBRI data sample shows that middle-aged group implemented 182,000 traditional IRA rollovers
in 2013, but only 14,000 Roth IRA rollovers
in the same year.
Under the new DOL rule, when a registered investment advisor ("RIA") with an existing plan client offers rollover
advice to the plan's participants, it would be customary for the RIA to earn a higher rate of compensation from the rollovers
Interestingly, dummies currently used to study rollovers
were designed for frontal crashes--impacts that happen in hundreds of milliseconds and then are over with--and are ill suited for understanding or predicting injury risk in rollovers
408(d)(3)(A)(i) permits a tax-free rollover
of funds in a taxpayer's IRA, as long as the amount distributed to the taxpayer is paid into an IRA for the taxpayer's benefit within 60 days, subject to the one-rollover
-per-year limit of Sec.
The IRS clarification that was released in mid-November relates to the change announced in early April regarding how the statutory one-per-year limit applies to rollovers
The Financial Industry Regulatory Authority (FINRA) published Regulatory Notice 13-45, "Rollovers
to Individual Retirement Accounts: FINRA Reminds Firms of Their Responsibilities Concerning IRA Rollovers
An individual could execute an in-plan Roth rollover
as a series of annual rollovers
continue to have a much greater impact on IRA asset growth than contributions, the report noted.
Meanwhile, the Department of Labor (DOL) is considering changes to the fiduciary definition, which could impact advisory firms doing rollovers
FiPath's Express Rollover
Center gives consumers the ability to quickly and easily sort through multiple rollover
options to determine which option is the best match for them.
to a Roth IRA of distributions made from a designated Roth account: The amount rolled over is not includible in the recipient's gross income, regardless of whether the distribution is a qualified distribution from the designated Roth account.