Simplifying Rollovers: A Small Step for a Bigger Problem The Treasury Department and IRS have proposed changes to streamline rollovers from 401(k)s to IRAs.
The aim is to reduce administrative burdens on participants and recordkeepers alike, making the process less cumbersome. However, this proposal is a symptom of a larger issue: the complexity of our financial systems.
Even with direct rollovers already possible, participants still face weeks long struggles to transfer their retirement accounts.