New IRS Rules for Your Retirement Account

IRABeginning in 2015, there will be new IRS rules aimed at stopping individuals from using their Individual Retirement Accounts for temporary loans.  For some, managing their IRA accounts means rolling them over to new accounts or withdrawing money to place in other retirement accounts.  However, the new rules are intended to stop people who withdraw money with the intention of rolling over the funds but use the funds for a short-term loan before putting funds into a new retirement account.

For more read, “What New IRS Rules Mean for Your Retirement Account.”

Image credit:  Simon Cunningham