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Updated about 2 years ago,
Inflation Reduction Act- Affect on ROTH Accounts and Roll-Overs??
Hello,
After doing some reading and listening to multiple podcasts, it is obvious that the IRA Act has lots of improvements for retirement savings.
One things that does NOT seem to be clear, at least to me, is how the new ROTH Simple and ROTH Sep along with existing ROTH IRA and ROTH 401Ks might change in regards to roll-over rules. Previously you could roll many kinds of 'traditional' accounts into each other. With ROTHs there was/is much more restriction - mainly being that you CANT roll a ROTH IRA *into* a ROTH 401K (but you CAN do the reverse of that).
Does anyone know if with all of the other 'improvements' will the ROTH IRA to ROTH 401K become a reality, and what will be the restrictions on roll-overs with the new ROTH Simple & Sep accounts?
Thanks, Dan Dietz