Automatic Rollovers of Certain Distributions

[Guest KFLETT]

It appears that the DOL final regulations regarding automatic distributions that must be rolled into an IRA if they are over $1,000 and under $5,000 have not yet been finalized. Is anyone aware of any ruling contrary to this? Thanks

[MGB]

They are nowhere near even starting on this. I wouldn't expect it for a couple more years at the earliest (more likely 3 or 4). The DOL moves at an extremely slow pace when it comes to regulations. Especially when it is regulations about something that no one wants.

[Guest KFLETT]

Thanks