Topics of The Week

Market Watch

Market Watch for Week of May 21st, 2018

Market Watch provides a snapshot of the past week’s movements and news regarding the major financial stock indices and other global financial markets.
 
 

Can the IRS Waive the 60-day IRA rollover deadline?

If you take a distribution from your IRA intending to make a 60-day rollover, but for some reason the funds don’t get to the new IRA trustee in time, the tax impact can be significant. In general, the rollover is invalid, the distribution becomes a taxable event, and you’re treated as having made a regular, instead of a rollover, contribution to the new IRA. But all may not be lost. The 60-day
requirement is automatically waived if all of the following apply:

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