Guest Donaldson Posted October 25, 2002 Posted October 25, 2002 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 Posted October 26, 2002 Posted October 26, 2002 After the two year rule is satisfied, Yes. It may even be converted to a Roth after such time.
Guest Donaldson Posted October 28, 2002 Posted October 28, 2002 Thank you, Gary. I appreciate you confirming that for me.
Guest bmurphy Posted November 7, 2002 Posted November 7, 2002 Does the 2-year rule also apply to rollovers to a 403b?
Guest Dee Kratz Posted November 13, 2002 Posted November 13, 2002 Also, does the 2 year rule apply for rollover to a 401(k)?
Gary Lesser Posted November 14, 2002 Posted November 14, 2002 It always applies regardless of the destination (except to another SIMPLE IRA).
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