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 you have to conform to all rollover rules of the Simple IRA account, as well as pertinent state and federal regulations. (more…)
Posts Tagged ‘Simple IRA Rollover Rules’
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. (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…)
