Retirement Rollover Flexibility Act

The Retirement Rollover Flexibility Act allows individuals to directly transfer funds from their Roth IRA to a designated Roth account within an employer's retirement plan without triggering immediate taxes. To qualify, the individual must have only one Roth IRA (excluding certain employer plans) and the account balance must not exceed a specific limit. The bill clarifies that such rollover contributions are treated as investments in the new account, meaning earnings on transferred funds remain tax-free until withdrawal. This change primarily benefits workers who want to move Roth IRA savings to an employer plan, especially during job changes involving automatic account portability.