The Retirement Simplification and Clarity Act allows for in-service rollovers of individual retirement annuities.

The Retirement Simplification and Clarity Act amends the Internal Revenue Code to allow taxpayers to roll over eligible amounts to a new plan or individual retirement account when changing employers. The bill also allows taxpayers to leave eligible amounts in their original plan. The amendments apply to taxable years beginning after December 31, 2026.

The Retirement Simplification and Clarity Act allows for in-service rollovers of individual retirement annuities.

The Retirement Simplification and Clarity Act amends the Internal Revenue Code to allow taxpayers to roll over eligible amounts to a new plan or individual retirement account when changing employers. The bill also allows taxpayers to leave eligible amounts in their original plan. The amendments apply to taxable years beginning after December 31, 2026.