Simple IRA
I have a client and he has a Simple IRA with his employer and wants to transfer a portion of it to another custodian. Can he transfer it as a Simple or can he transfer it to a new IRA? The account has been open for more than 2 years.
I have a client and he has a Simple IRA with his employer and wants to transfer a portion of it to another custodian. Can he transfer it as a Simple or can he transfer it to a new IRA? The account has been open for more than 2 years.
Permalink Submitted by Alan Spross on Tue, 2008-06-17 00:22
He could transfer a portion into a SIMPLE IRA of a new employer or into a traditional IRA now or at a later date.