SIMPLE IRA to SIMPLE 401k
Is is possible to switch from a SIMPLE IRA to a SIMPLE 401K midyear? You obviously can’t switch to a traditional 401k midyear, but if a SIMPLE 401k is still a SIMPLE, could it be possible to switch from a SIMPLE IRA to a SIMPLE 401k? Any opinions would be helpful? Thanks
Permalink Submitted by Alan - IRA critic on Wed, 2020-02-19 01:59
No. Other than plan loans why would the employer want to make this switch?