SIMPLE IRA Account Portability

Within the first two years of participation in the SIMPLE IRA, an employee cannot transfer to any other IRA except another SIMPLE IRA. After the initial two-year period has elapsed, the SIMPLE IRA assets can be transferred to a Traditional IRA, rolled to any other eligible retirement plan or converted to a Roth IRA. Please consult with your tax advisor before initiating such a change. Legend Equities Corporation and its affiliates do not provide tax information or advice.