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Message
re: Simple IRA Broker/Advisor Question
Posted on 2/19/14 at 2:18 pm to JoeBobRuby
Posted on 2/19/14 at 2:18 pm to JoeBobRuby
I believe that if it is a 5304 SIMPLE plan, then you can go to any institution. If it is a 5305 Simple plan, you are limited to the one institution. The type of plan is chosen at setup by the employer. Sometimes employers don't want to send checks to multiple institutions.
1
Posted on 2/19/14 at 2:30 pm to tigerrocket
This post was edited on 10/4/20 at 1:41 pm
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