No. of Recommendations: 0
Legislative language on the Roth IRA Technical Corrections came out late last week. There are no surprises; the language confirms what was earlier released from the Senate Finance Committee. Among the main points: there will no longer be any reason whatever to keep a conversion Roth IRA separate from a non-rollover Roth IRA, and the four-year spread on 1998 rollovers will be elective, not mandatory.

This bill still isn't the law and changes are still possible. But the only changes being talked about now are in the area of IRS Restructuring. I understand that House staffers have signed off on the technical corrections part of the Senate bill, meaning they won't try to reinstate the House version of the Roth IRA technical corrections. The biggest danger to these technical corrections is the tiny possibility that the entire bill will go down in flames over some of the IRS restructuring provisions. But it would be very surprising if the House and Senate failed to iron out those differences. And although some concerns have been expressed by the Treasury, as far as I know there's no veto bait in the bill.

More details on the changes are at:

KAT in Chicagoland
Tax Guide for Investors
Includes the latest information on
Roth IRA technical corrections
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.