Beginning Jan 1, 2015, the federal government has limited the number of 60-day rollovers for IRA accounts to one per year per individual. This rules interpretation change does not affect direct rollovers, rollovers from a defined-contribution account to an IRA or Roth conversions. However it will still be a source of difficulty for many people potentially. Those trying to consolidate their retirement accounts from multiple locations to just a few, or one, will have to be extremely careful to ensure that the account trustees do direct rollovers, always preferable anyway! If more than one happens to be subject to the 60-day rollover rules, then the second will be considered an improper transaction and subject to taxation. Please check carefully with tax and financial advisors if you find yourself debating multiple rollovers.