U.S. Wyoming Senator John Barrasso and Michael Bennet, D-Colo., introduced legislation Tuesday that would make it easier for Americans to transfer their Roth retirement accounts when changing jobs, a move supporters say could reduce fees and help workers consolidate savings.
The bipartisan Retirement Rollover Flexibility Act would allow workers to roll over Roth Individual Retirement Accounts into employer-sponsored retirement plans, something current law prohibits. Without the change, many Americans must maintain multiple small accounts, often paying duplicative fees or cashing out early, which can erode retirement savings.
“Retirement savings belong to the workers who earn them, and those savings should follow them throughout their careers,” Barrasso said. Bennet added that current rul

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