IRA-to-IRA Transfers
By Fred Reish and Joan M. Neri
Fred Reish and Joan Neri co-authored an article for PlanAdviser on how the DOL fiduciary rule impacts IRA-to-IRA transfers. The article explains that recommending a transfer from an existing IRA to an IRA managed by the adviser is fiduciary advice under the rule. As such, it requires a thoughtful, thorough and well-documented process and will, in most instances, require an exemption from the prohibited transaction rules.
The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
Meet the Authors
