Rolling over from Simple IRA for company that recently closed
Just want to make sure I don’t make a mistake on this one.
Local drug store closed end of July. Pharmacist received her last paycheck with Simple IRA withholding and match.
Planning to roll over her Simple IRA account into a Rollover IRA with us. Are we good to go?
Thanks…
Permalink Submitted by Alan - IRA critic on Wed, 2014-08-27 19:48
The two year rollover limitation still applies. The SIMPLE IRA must remain until 2 years pass from the date of the first contribution.