IRS Announces Adjustments Affecting Retirement Plans

The Internal Revenue Service recently announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. These adjustments affect anyone contributing to a retirement plan account, and to fiduciaries and administrators of retirement plans. The chart linked below can help you determine where you fall within the […]

Significant changes announced to IRA rollover rules

The IRS announced changes to the rollover rules relating to Individual Retirement Accounts (IRAs) as a result of a recent Tax Court case (Bobrow v. Commissioner). Prior to the Court’s decision, an individual could take cash distributions from multiple IRAs and obtain tax free rollover treatment so long as the funds were rolled over to […]