Okay, slight exaggeration but you can make it come true! As you probably know a recent Tax Court ruled that only 1 rollover a year is allowed starting in 2015. Here’s your sales opportunity…
People who use CD’s for their IRA’s could be in big trouble. A bank will open a new IRA for each CD and at the end of the term the IRA is closed and distributed to the customer to reinvest. If they have more than 1 IRA CD mature in a year, they are violating that rule. Look through your files to find your clients with bank CD IRA’s and get them moved to your watchful eyes.
