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Posted

Apparently a business is dropping their SIMPLE IRA due to new legislation?  I have not heard of any adverse tax consequences.  Can anyone confirm?

Posted

Only a guess here - some brokers/salespeople who do not wish to comply with the DOL's fiduciary rules are getting out of qualified plan business - for some of them, it was only a sideline and it isn't (apparently) worth their time or assuming responsibility or risk or whatever to continue to sell the products funding the qualified business.

If it is some other tax/legislation, like you, I've never heard of it.

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