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Subject:  Re: IRA Question Date:  7/19/2000  4:34 AM
Author:  TMFExRO Number:  23476 of 88775

My question is -- can I take that money and put it elsewhere, manage it myself? As I have other stock invesments, I'd really just like to split it between, say, an S&P index and a NASDAQ index, continue to make monthly contributions, and not really have to worry about it.

You can roll the account elsewhere, but there are special rules with respect to a SIMPLE during your first 2 years of participation. See page 56 of IRS Publication 590, which you can download from

You will not be able to make additional contributions to the SIMPLE since you're no longer working for the employer who sponsors it.

Phil Marti
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