In many ways, the choice between a Simple IRA rollover and a SEP IRA rollover has already been made for you. The IRS has already – in its ever-so-gracious wisdom – defined which types of retirement accounts can and cannot receive rollovers from other types of accounts. Consequently, this is decision that you, as an [...]
Starting a Simple IRA Rollover plan is easy to do!
Posted by admin on May 17th, 2010
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Step 1: Contact a retirement plan professional or a simple IRA rollover representative of a financial institution that offers retirement plans. Many financial institutions will probably have a pre-approved Simple IRA Rollover plans form that you can review.
How to Choose a Simple IRA Rollover Account Provider
Posted by admin on May 6th, 2010
Simple IRA rollovers may sound complicated, but they’re actually quite easy to manage, as long as you select a good account provider. In fact, there are three things you’ll want to consider when choosing a new provider to handle your Simple IRA rollover. Keeping these factors in mind will help you make the best choices [...]
Simple IRA Rollover Rules and Distribution Tips
Posted by admin on May 4th, 2010
Don’t choose just any old rollover – choose a Simple IRA direct rollover. A direct rollover is defined as the transfer of money from one account directly to another without the money going through the hands of the account holder. You have to initiate this rollover procedure with the manager of the target account, and [...]
Simple IRA Rollover Restrictions
Posted by admin on May 3rd, 2010
If you have a Simple IRA that was provided by a former employer and you want to rollover the plan to a traditional IRA, there are few restrictions on Simple IRA rollover account that you should be aware of.
Setting Up Your New Simple IRA Rollover Account
Posted by admin on May 1st, 2010
If you have a Simple IRA and are moving to a new company, you’re going to want to take your investments with you when you leave. This is possible, but there are some limitations that you’ll first need to take into consideration before making any decisions on your Simple IRA rollover. For example, if your [...]
How to Set Up a Direct Transfer to Your Simple IRA Rollover Account
Posted by admin on April 30th, 2010
Direct IRA transfers – also called IRA rollovers – are generally the preferred method for rollover money from one retirement account to another. If you’re performing a Simple IRA rollover that moves money from one account to another, you’ll want to request a direct transfer or rollover.
Is a Simple IRA Rollover the Right Choice for You?
Posted by admin on April 27th, 2010
Generally speaking, rollovers are a financial tool that can be used for consolidating your money from preexisting Simple IRA plans into a new Simple IRA rollover or other investment vehicle.
What Types of Accounts is Eligible for a Simple IRA Rollover?
Posted by admin on April 26th, 2010
If you have a pre-existing IRA or rollover 401k plan and you’re thinking about transferring the funds into a Simple IRA rollover plan, you’re probably wondering whether or not there are any restrictions or exclusions on rollovers completed to these plans. Unfortunately, the truth is that you can’t rollover a Roth IRA, an SEP IRA [...]
Avoiding Tax Penalties on Your Simple IRA Rollover
Posted by admin on April 22nd, 2010
The IRS considers direct rollovers to be reportable events, but not taxable ones. For this reason, the direct rollover is the best way to move money when performing a Simple IRA rollover. If, on the other hand, you choose an indirect rollover, you’re risking the tax status of part, if not all, of the funds. [...]
