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Simple IRA rollover in two months

I have a Simple IRA at Edward Jones through my employer. My first contribution was on 4/4/12, so I will be rolling this account over into an IRA at Vanguard in two months. Over the next two months, contributions will be around $3000 including company match. Should I stop new contributions to the fun...
by Illini87
Fri Jan 31, 2014 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simple IRA rollover in two months
Replies: 1
Views: 121

Re: Suggestions for SIMPLE IRA at Edward Jones

I'm sorry, I should have given more information. My first contribution to the SIMPLE on 4/4/12. I want to make sure that once the 2 years are up, I can transfer funds from a Vanguard SIMPLE to a Vanguard Traditional IRA, and close the SIMPLE account. I wasn't sure if I could make this transfer at th...
by Illini87
Thu May 09, 2013 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions for SIMPLE IRA at Edward Jones
Replies: 14
Views: 1303

Re: Suggestions for SIMPLE IRA at Edward Jones

If I start a SIMPLE at Vanguard, next year I can roll those assets into a Traditional IRA at Vanguard, correct? Then after that I can roll the contributions at EJ directly into the Traditional IRA at Vanguard? I'm sorry for all of the questions, but I'm going to get charged $40/year to have my SIMPL...
by Illini87
Wed May 08, 2013 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions for SIMPLE IRA at Edward Jones
Replies: 14
Views: 1303

Re: Suggestions for SIMPLE IRA at Edward Jones

Can you explain conversion vs. rollover? There isn't much infomation at irs.gov on the subject.
by Illini87
Wed May 08, 2013 5:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions for SIMPLE IRA at Edward Jones
Replies: 14
Views: 1303

Re: Suggestions for SIMPLE IRA at Edward Jones

I checked with my employer and we have a form 5305-SIMPLE. I have a few additional questions. If I start a SIMPLE at Vanguard and transfer everything into that, can I roll the Vanguard SIMPLE into a traditional IRA when the 2 year requirement is up? After 2 years of being in the plan, can I roll con...
by Illini87
Wed May 08, 2013 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions for SIMPLE IRA at Edward Jones
Replies: 14
Views: 1303

Re: Suggestions for SIMPLE IRA at Edward Jones

I knew that EJ was a terrible place to have my money, but I did not know about these transfer options until now. Thank you very much Barry. I will have a discussion with my boss and see what type of plan we have. This is some great news and a huge relief.
by Illini87
Tue May 07, 2013 4:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions for SIMPLE IRA at Edward Jones
Replies: 14
Views: 1303

Suggestions for SIMPLE IRA at Edward Jones

I recently read "The Boglehead Guide to Investing," so I thought that this would be a good place to start my search for some suggestions about my retirement plan. I have a masters degree in accounting with a minor in finance, so I am pretty well versed in investing. Like most people on thi...
by Illini87
Tue May 07, 2013 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions for SIMPLE IRA at Edward Jones
Replies: 14
Views: 1303

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