(MarketWatch) Retirement experts call it a game changer for the 50 or so million households in the U.S. that own an individual retirement account — an IRA.
Uncle Sam's Tax Court just ruled that the one-rollover-per-year rule applies to all of a taxpayer's IRAs rather than to each IRA separately. And that ruling, say experts, is in direct conflict with IRS Publication 590, the bible for IRAs.
"Industry leaders, financial advisers, and everyone else who handles IRAs are stunned," said Denise Appleby, the editor and publisher of The IRA Authority
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