Transfers/Rollovers to Eligible Retirement Plans

[Guest Donaldson]

Since EGTRRA has become effective, does anyone know whether a SIMPLE IRA that has been held longer than 2 years can be transferred to another IRA or eligibile retirement plan. IRC 408(d)(3)(A) and (G) seem to indicate that such transfers and rollovers are permitted. Thank you.

[Gary Lesser]

After the two year rule is satisfied, Yes. It may even be converted to a Roth after such time.

[Guest Donaldson]

Thank you, Gary. I appreciate you confirming that for me.

[Guest bmurphy]

Does the 2-year rule also apply to rollovers to a 403b?

[Guest Dee Kratz]

Also, does the 2 year rule apply for rollover to a 401(k)?

[Gary Lesser]

It always applies regardless of the destination (except to another SIMPLE IRA).