When is a Rollover not a Rollover?

There has been more than a little confusion about the impact of a 2014 Tax Court decision regarding IRA rollovers.  The court held in Bobrow v. Commissioner, T.C. Memo. 2014-21 that you cannot make a non-taxable rollover from one IRA to another if you have already made a rollover from any of your IRAs in the preceding one-year period.  There was concern that the new ruling would apply to the “rollover” of retirement accounts and limit a person’s ability to properly position those savings.

Ready, Set, Retirement?

Are you looking forward to retirement?  If you are like me, the answer may be “yes” and “no”.  I can’t believe that I’m old enough to think about it, but the reality is setting in.