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Does Secure 2.0 change ownership or vesting rules for my SIMPLE IRA?

Secure 2.0 does not change ownership or vesting rules for SIMPLE IRAs. With a SIMPLE IRA, all contributions are immediately vested, which means they fully belong to you as soon as they are deposited into your account. This includes both your own salary deferrals and any employer contributions, whether they are made as a match or as a non-elective contribution.

Even if you change jobs or leave your employer entirely, the money in your SIMPLE IRA remains yours. You do not lose access to your savings, and your account continues to grow tax-deferred as long as the funds remain invested.

Immediate vesting is one of the key features that make SIMPLE IRAs easy to understand. There are no complex vesting schedules or waiting periods. From day one, every contribution deposited is your money to keep, which makes planning for your long-term retirement goals more predictable and transparent.