simple IRA

Hi:

Quick question. I have a client who has participated in a simple IRA plan through his employer for approx. 15 years. He would like to conduct a direct transfer of approx. 95% of his simple IRA balance to his traditional ira which i currently manage and still contribute to his simple IRA. Is this allowed? thx so much.



Yes, anytime after the 2 year waiting period from his first SIMPLE IRA contribution, he can transfer funds out. 



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