Common use of SIMPLE IRA-to-SIMPLE IRA Transfers Clause in Contracts

SIMPLE IRA-to-SIMPLE IRA Transfers. You may transfer all or we don't have actual knowledge that is contrary to the a portion of your SIMPLE IRA assets from one SIMPLE IRA to self-certification. another SIMPLE IRA. A SIMPLE IRA transfer means that the 9. SIMPLE IRA to Employer-Sponsored Eligible Retirement Plans. SIMPLE IRA assets move from one SIMPLE IRA to another in a If the two-year holding period has expired, you may directly or manner that prevents you from cashing or liquidating the SIMPLE indirectly roll over a taxable distribution from your SIMPLE IRA to IRA assets, or even depositing the assets anywhere except in the an employer-sponsored eligible retirement plan, which accepts receiving SIMPLE IRA. Transfers are not taxable or reportable, and rollover contributions. You can generally roll over, to the IRS does not impose timing or frequency restrictions on employer-sponsored eligible retirement plans, only the aggregate transfers. You may be required to complete a transfer authorization taxable balance in all of your traditional IRAs and SIMPLE IRAs. form prior to transferring your SIMPLE IRA assets. The one per 1-year limitation does not apply to these rollovers.