Most firms require that you complete their account transfer request form, which they use to request the transfer of assets (to your receiving account) on your behalf. Other than this document and the paperwork used to establish the receiving account, there is no legal documentation required.

Keep in mind that the SIMPLE cannot be transferred to the Traditional IRA, unless it has been at least two years since the first contribution was deposited to the SIMPLE.

Question answered by Denise Appleby, CISP, CRC, CRPS, CRSP, APA

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