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 for your Simple IRA rollover process and long term retirement goals. (more…)
Posts Tagged ‘Simple IRA’
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…)
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. Unless you have a very good reason to perform the indirect rollover, choose a direct Simple IRA rollover instead. (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…)
