IRS Rollover Guidance Eases Process, Improves Benefit Portability, Analysts Say

IRS Rollover Guidance Eases Process, Improves Benefit Portability, Analysts Say

When changing employers, individuals and their new retirement plan administrators have faced a time-consuming administrative process in proving the tax status of a plan rollover. And instead of dealing with the hurdles to validate a rollover, many individuals would transfer savings into individual retirement accounts or cash out the balance.