Retirement Rollover Flexibility Act

This bill (S 3352) allows direct transfers of funds from Roth IRAs to designated Roth accounts within employer retirement plans under specific conditions. It enables individuals to move money via "direct trustee-to-trustee transfers" from an eligible Roth IRA (the only Roth IRA held by the person during the tax year with a balance under a defined limit) to a designated Roth account, avoiding taxable distributions. The change applies to transfers made after the bill's enactment and clarifies how rollover contributions are treated for tax purposes. It primarily affects individuals managing retirement savings who wish to move Roth IRA funds to employer-sponsored plans without triggering immediate taxes.