Prototype SIMPLE IRA's

[Belgarath]

I noticed that there is now LRM language for prototype SIMPLE-IRA's.

I was under the impression (perhaps mistakenly) that prototype SIMPLE IRA's were not available previously. So is this entirely new, or were they available and I just didn't know it?

https://www.irs.gov/pub/irs-tege/sira_lrm0916.pdf

Actually, as I look at this, I think perhaps this is just language for the IRA's themselves - not for the actual SIMPLE Plan document?

[ETA Consulting LLC]

One tidbit of language that I noticed is that SIMPLE IRAs are now open to receive rollover money from other vehicles after the two year restriction period has expired.

So, I'd say this appears to be for SIMPLE IRAs.

Good Luck!