IRS Rollover Chart

Are you uncertain about whether funds may be rolled to another type of account?  

We get these type of question all the time and sometime what you do not know can hurt you.

Recently the question was posed asking whether a SIMPLE IRA could be rolled to a Traditional IRA and commingled with other Traditional IRA funds.  

In this instance, the answer is maybe and the IRS rollover chart is a great piece to reference.

If the SIMPLE IRA has been in place for 2 years then you can roll it to an IRA and it may be commingled with other Traditional IRA money.  

If it hasn't been in place for two years it can't be rolled to a traditional IRA. 

To help navigate this issue please refer to the IRS Chart included below.

Roll To

Designated

Qualified

Roth Account

Traditional

SIMPLE

Governmental

403(b)

Roth IRA

SEP-IRA

Plan

(401(k),

IRA

IRA

457(b)

(pre-tax)

(pre-tax)

403(b) or

457(b))

YES

NO

NO

NO

NO

NO

NO

NO

Traditional

YES

YES

NO

YES

YES

YES

YES

NO

YES,  after two years

YES, after two years

YES

YES, after two years

YES,  after two years

YES, after two years

YES, after two years

NO

YES

YES

NO

YES

YES

YES

YES

NO

Governmental

YES

YES

NO

YES

YES

YES

YES

YES

Roll

Qualified Plan

1

YES

YES

NO

YES

YES

YES

YES

YES

(pre-tax)

YES

YES

NO

YES

YES

YES

YES

YES

(pre-tax)

YES

NO

NO

NO

NO

NO

NO

YES

Roth Account

(401(k),

or 457(b)