SIMPLE IRA
Gold IRA Glossary
A Savings Incentive Match Plan for Employees, an IRA-based retirement plan for small employers that accepts both employee and employer contributions. SIMPLE IRA money can move to a Gold IRA, but during your first two years in the plan it can only be rolled into another SIMPLE IRA, and moving it elsewhere in that window can trigger a 25% penalty. After two years, normal rollover and transfer rules apply.
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