Simple IRA direct transfer to traditional IRA

Submitted by John Raines on Thu, 2009-09-17 20:51

Can a simple IRA be directly transferred to a traditional ira with a different custodian tax-free?



Submitted by Alan Spross on Thu, 2009-09-17 20:54

Yes, but remember the 2 year waiting period from the date of your first SImple IRA contribution before making a transfer.

Submitted by John Raines on Fri, 2009-09-18 00:58

Thanks Alan

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