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URL:  https://boards.fool.com/my-question-is-can-i-take-that-money-and-put-12954285.aspx

Subject:  Re: IRA Question Date:  7/19/2000  2:02 PM
Author:  jasonbarker Number:  23485 of 95642

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.

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

Hmm. Is that just during the first two years, or is the money now stuck there forever, with me unable to add to it?

I'll go look at the form.

Thanks!

jason
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