Help! Rollover Simple IRA at Ascensus to new “Rollover IRA” at Fidelity

I have a simple IRA at Ascensus through a former employer which I left many years ago. Since I have other accounts at Fidelity I’d like to transfer the funds. Fidelity create what they call a Rollover IRA. But Ascensus options for transfer are:

  1. “Transfer to a Traditional IRA”
  2. “Transfer to a SIMPLE IRA”
  3. “Rollover to another eligible retirement account. For example, 401(k), 403(b), 457(b), money purchase, profit-sharing, and defined benefit plans.”

There is no option to transfer to a rollover IRA. So Im not sure what to do. And neither the Ascensus or Fidelity people have been helpful. I see online that a ‘Rollover IRA can be set up as a traditional IRA or a Roth IRA.” When I ask Fidelity what kind of IRA they set up for me to receive the funds – they stubbornly say: “it’s a rollover IRA, which is different from a simple or traditional IRA.” Frustrating.

Does anybody have any advice for me on this one?

Thank you!!

 

 

 



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