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MarketBeat: The IRS Revamps Rollover Rules for Plans with Pretax and After-tax Features

IRS Notice 2014-54 clarifies the rules affecting rollover distributions consisting of both pretax and after-tax funds to more than one eligible retirement plan. It says all amounts scheduled to be disbursed at the same time are considered a single distribution, even if the participant directs the account to be rolled over to more than one destination. In this week’s MarketBeat, Linda Segal Blinn discusses how this guidance applies to specific situations.