SIMPLE IRA

[Guest koolkid]

Can distributions be rolled over from SIMPLE IRAs to qualified plans?

Can distributions be rolled over from qualified plans to SIMPLE IRAs?

[Belgarath]

1. Yes, but only if the "2 year period" has been satisfied.

2. No. Simple IRA's cannot accept rollovers other than from another Simple IRA.

[Guest Bob K]

Once the SIMPLE IRA assets have gotten past the 72(t)(6) 25% penalty period of two years they can be transferred into a qualified plan.

This is covered in Section 642 (b)(3) of EGTRRA.