IRA One-Rollover-Per-Year Rule

Beginning in 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. The limit will apply by aggregating all of an individual’s IRAs, including SEP and SIMPLE IRAs as well as traditional and Roth IRAs, effectively treating them as one IRA for purposes of the limit.

• Trustee-to-trustee transfers between IRAs are not limited
• Rollovers from traditional to Roth IRAs ("conversions") are not limited

Transition rule ignores some 2014 distributions
IRA distributions rolled over to another (or the same) IRA in 2014 will not prevent a 2015 distribution from being rolled over, provided the 2015 distribution is from a different IRA involved in the 2014 rollover. 

Learn more.

At times, we may provide links to sites outside the control of our credit union. We do not make any representations concerning the linked sites' contents or availability.

You should review each site's privacy and information security policies carefully before you enter confidential information.

© 2018 Latitude 32® Credit Union. All Rights Reserved. Marketing and Website provided by Convergint Technologies

Contact Us | Privacy Policy | Site Map | Fees | Privacy Information | Routing Number: # 253278414 

ncua

Your savings are federally insured by the NCUA to at least $250,000 and backed by the full faith and credit of the United States Government.

Latitude 32® Credit Union
1845 Sam Rittenberg Blvd.
Charleston, SC 29407

(843) 556-4809
help@latitude32.org

Report Lost/Stolen
VISA Debit Cards
(800) 523-4175