Does 2 year Simple IRA rule apply if plan is shut down?
There is a 2-year restriction placed on transfers, rollovers and conversions of SIMPLE IRA assets. Under this restriction, SIMPLE IRA assets are ineligible to be transferred, rolled over or transferred to any retirement account other than another SIMPLE IRA.
DOES THIS RULE STILL APPLY IF THE EMPLOYER CLOSES THE PLAN?
Thank you.
Permalink Submitted by Alan - IRA critic on Thu, 2014-12-18 15:56
Yes, still applies.
Permalink Submitted by Todd Schanel on Thu, 2014-12-18 16:29
Thank you.