Starting Jan. 1, 2015 you can only make one rollover from an IRA to another IRA in a 12-month period. A rollover is described as withdrawing the funds from one IRA, holding them for less than 60 days and then depositing them into another IRA account.

Taxpayers can still make as many trustee-to-trustee transfers as they like over the course of a year.  Your IRA custodian (generally a bank or broker) will ask you to fill out a transfer form to request an IRA transfer whenever you would like.  Sure you can have multiple IRA accounts...but it may make sense to consolidate into one, especially if you need income or are approaching 70 1/2.

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