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Associations Submit Comments to the Treasury on the Process for Transferring myRA Account Balances to Private Sector Roth IRAs (PDF)
Securities Industry and Financial Markets Association [SIFMA], American Bankers Association, and Financial Services Roundtable 
[Opinion] Oct. 28, 2015 "From a service provider perspective, there are inherent risks to having account balances defaulted when an account holder fails to provide instructions for a rollover, and there are certain factors that may make a Roth IRA provider unwilling to be selected to receive automatically transferred my RA account balances. Given these potential challenges, SIFMA, ABA, and FSR believe there are a number of issues Treasury should take into account before considering any default arrangement[.]" MORE >> |
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