Home General I have a retirement fund in an employer-sponsored retirement plan. Will it be possible to transfer the fund from that plan to my SIMPLE IRA account?

I have a retirement fund in an employer-sponsored retirement plan. Will it be possible to transfer the fund from that plan to my SIMPLE IRA account?

Last updated on Sep 17, 2024

Yes, you can transfer the fund from the employer-sponsored retirement plan to your SIMPLE IRA account. However, you will need to complete a minimum of two years of a contribution period to transfer the funds from one retirement plan to another.