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. (more…)
Posts Tagged ‘Simple IRA Conversion’
How to Set Up a Direct Transfer to Your Simple IRA Rollover Account
Posted by admin on April 30th, 2010
Why Perform a Simple IRA Rollover?
Posted by admin on April 8th, 2010
Why should you perform a Simple IRA Rollover? The considerations you should make when asking that question are largely the same that any person considering an IRA rollover should ask, along with a few special questions pertaining specifically to Simple IRAs. (more…)
Establishing a New Simple IRA Rollover Account
Posted by admin on April 3rd, 2010
Simple IRA plans play by rules that are a little bit different from other IRAs. One of the most obvious differences is that you cannot rollover money from a Simple IRA to any other IRA or qualified retirement savings plan (except another Simple IRA) until you’ve been a participant in the Simple IRA for a period of at least two years. Other IRAs and qualified retirement savings plans, for example, do not have this two year waiting period. Another important difference is that you cannot rollover money into a new Simple IRA unless the money is coming from another Simple IRA. (more…)
Can I Do a Simple IRA Rollover to a 401k Account?
Posted by admin on March 23rd, 2010
To make a long story short, the answer is yes – it is possible for you to perform a Simple IRA rollover to 401k. The government recognizes the need to transfer money when you change employment or approach retirement, so they’ve enacted legislation to convert Simple IRA Rollover to 401k possibility. (more…)
