Rollovers Apply To The Simple IRA, With Exceptions
October 25th, 2008 | by admin |Rollovers apply to simple IRA retirement plans and are not subject to being taxed. This is good to know if you are changing jobs. No one wants to loose money that is being invested for their retirement income. Everybody wants to gain. It is important to keep in mind that the money must be rolled over as soon as possible to avoid any penalties, just like other IRA investment vehicles. There is also a two year rule which applies to the simple IRA retirement plan. The employee must wait two years from the first day that a deposit is made on their behalf before the funds can be rolled over into another qualified plan.