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Can I rollover other qualified plans from SIMPLE IRA?

You can rollover the retirement savings from a SIMPLE IRA to other qualified plans. However, there are conditions:

  • Rollovers from qualified plans such as 401(k), 403(b), 457(b), or other IRAs (e.g., SEP, Traditional) can be transferred after two years from the start date of the SIMPLE IRA plan.

  • If you rollover from SIMPLE IRA to SIMPLE IRA., you can make a tax-free rollover after one year.

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