Earlier this year, the IRS issued clarification limiting how you can shift your IRA money around.

Beginning in 2015, you can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own. However, taxpayers can still make unlimited trustee-to-trustee transfers because the transferred funds are never under the control of the IRA owner/participant — this is called a direct transfer.

The one-year waiting period does not apply to the rollovers from Roth conversions. Please consult your tax professional for individual tax consequences regarding the “one rollover per year” rule.

Collect A Rollover Bonus

Considering an IRA Rollover? Ally Bank is offering up to a $500 bonus when you roll over your IRA from outside Ally Bank to a new or existing Ally IRA CD or IRA Online Savings Account between January 1, 2015 — May 31, 2015. The bonus deposit of $100, $250 or $500 is based on the qualifying rollover or transfer amount.