rules and regsThe seemingly endless rules & regulations comprising the Internal Revenue Service website would never be mistaken for light reading, but as we approach the last quarter of 2014 it’s useful, from time to time, to be reminded of a few key ones. For instance:

IRA One-Rollover-Per-Year Rule

Beginning as early as January 1, 2015, you can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own. You can, however, continue to make as many trustee-to-trustee transfers between IRAs as you want. You can also make as many rollovers from traditional IRAs to Roth IRAs (“conversions”) as you want.