Simple IRA Question
Hello, I have a client looking to move a Simple IRA to outside TSP and the Simple was opened on 03/01/2018 and the first contribution was on 04/01/18. As far as the 2 year rule goes want would be considered to be the beginning date of the Simple IRA? The date the account was opened or the date it was funded?
Any insight would be appreciated.
Thank you.
Permalink Submitted by Alan - IRA critic on Tue, 2020-03-10 14:10
The date of the first contribution, I would allow a couple extra days for a safety margin since the costs of missing the correct date are so high.