Changing to Fidelity SIMPLE IRA from 401k
I am a small business owner frustrated with my 401k TPA and financial advisor. I want to switch back to a Fidelity SIMPLE IRA for myself and all of my employees (6) and manage it ourselves. Another financial planner told me it is legal to switch from 401k to SIMPLE mid-year, but your form says it cannot be done in the same year. Which is true?
4 years ago
- Minneapolis, MN, USA