Donaldson
Oct 25 2002, 05:44 PM
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
Oct 25 2002, 07:04 PM
After the two year rule is satisfied, Yes. It may even be converted to a Roth after such time.
Donaldson
Oct 28 2002, 12:04 PM
Thank you, Gary. I appreciate you confirming that for me.
bmurphy
Nov 7 2002, 09:29 AM
Does the 2-year rule also apply to rollovers to a 403b?
Dee Kratz
Nov 13 2002, 12:30 PM
Also, does the 2 year rule apply for rollover to a 401(k)?
Gary Lesser
Nov 14 2002, 02:59 PM
It always applies regardless of the destination (except to another SIMPLE IRA).
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