Non-Spouse Rollover Rule Changes

IRA Update: Mandatory or Voluntary? Congress Creates More Confusion on the Non-Spouse Rollover Provision under PPA 2006 provides another summary of the non-spouse beneficiary rollover rules:

"The purpose of the provision was to allow non-spouse plan beneficiaries the same ability to stretch post-death distributions over their lifetimes as if they had inherited an IRA. That was the plan."

The article discusses the following:

• “So What's the Rule Now?” – “It now appears that non-spouse transfers will remain voluntary and not be mandatory for 2008.”
• “But, In General, Tell Your Clients to Do an IRA Rollover If They Can!”
• “Timeline of the Rules for Non-Spouse Direct Rollovers”

Are nonspouse beneficiary rollovers required? also discusses the history of the nonspouse beneficiary rollover rule changes.