While the RIA Interpretation does not define the best interest process for rollover
recommendations, it does list a number of relevant factors.
If the sixtieth day falls on a weekend or legal holiday, the next business day will be considered the last day for the rollover
1.9 - percentage of Roth IRA investors aged 18 or older with rollovers
(as of 2015) (**)
* The funds aren't deposited into an eligible retirement plan within the 60-day rollover
period solely because of an error on the part of the financial institution,
For purposes of accepting and reporting a rollover
contribution into a plan or IRA, a plan administrator or IRA trustee may rely on a taxpayer's self-certification in determining whether the taxpayer satisfied the conditions for a waiver of the 60-day rollover
Financial advisors who earn commissions will need to comply with the full-blown BIC requirements when soliciting rollovers
. The BIC Exemption would provide relief if the commission-based advisor earns a higher level of compensation as a result of the rollover
, and it would also provide relief for any commissions that are earned on rollover
"Manufacturers design and tailor the crash safety features in their cars--such as airbags, seats, and seatbelts--based on how crash test dummies respond in various scenarios, such as rollovers
," explains Qi Zhang, a Ph.D.
This operation known as the Tom/Next Rollover
) is applied to spot positions held at 17:00 Eastern Standard Time (New York time) on any given trading day.
New York-based WMSI, a provider of retirement plan rollover
technology, content and communications, and practice management solutions to the financial services industry, is connected to recordkeepers servicing over 33m participants and provides automatic rollover
services to over 25,000 plan sponsors.
between an individual's Roth IRAs would preclude a separate rollover
within the one-year period between the individual's traditional IRAs, and vice versa, but the limitation does not apply to a "conversion" rollover
from a traditional IRA to a Roth IRA.
Tax Court in a January 2014 decision applying the limit to preclude an individual from making more than one tax-free rollover
in any one-year period, even if the rollovers
involve different IRAs.
Benefit and payment firm Alegeus Technologies said that clients who have actively promoted the FSA rollover
allowance to their employer groups and eligible employees are seeing 11 percent incremental growth in FSA enrollment and 9 percent growth in FSA elections--compared to a flat overall FSA market growth.