Pre-Tax SIMPLE IRA to a Roth SIMPLE IRA possible
Question to the group. If an employee has a Traditional SIMPLE IRA and they want to rollover to a Roth SIMPLE IRA, how would such a transaction be reported? Can it even be done?
Question to the group. If an employee has a Traditional SIMPLE IRA and they want to rollover to a Roth SIMPLE IRA, how would such a transaction be reported? Can it even be done?
Permalink Submitted by Alan - IRA critic on Tue, 2025-09-23 17:23
The final Regs are not yet issued and the Secure 2.0 Act does not mention conversions. If the employee has met the 2 year holding period requirement, why not just convert to a Roth IRA?
Permalink Submitted by Walter Gonzalez on Tue, 2025-09-23 18:06
Has not met the two year requirement. Thanks for the response.