Our daily roundup of retirement news your clients may be thinking about.
What new IRS rules mean for your retirement account The IRS is expected to implement tighter rules starting Jan. 1 for withdrawing money from an IRA with the aim of rolling it into another IRA investment, according to this article in U.S. News & World Report. The new rules will allow only one such rollover every 365 days, and this means clients who are considering withdrawing money from their IRAs need to seek professional advice as the transaction can be subject to penalty, a consultant says. The new rules will not place a cap on trustee to trustee transfers, and will allow clients to do rollovers as frequent as they want, according to experts.--Yahoo Finance
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