Retirement Rollover Flexibility Act

This bill would change federal tax law to let people move money from a Roth IRA into a designated Roth account in an employer retirement plan, such as a Roth 401(k). The full amount would have to be moved in a direct transfer between account trustees. This would apply to a person's only Roth IRA if its balance is at or below a set limit in current law, or to money moved through an automatic portability transaction. The money rolled over would be treated as the person's investment in the account for tax purposes, and the bill sets rules for counting the start of the waiting period for tax-free withdrawals. The changes would apply to amounts paid or distributed after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Darin LaHood Republican sponsor
• 2 cosponsors