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Your Money, Your Wealth — How to Ditch a Bad SIMPLE IRA? What's a Prohibited Transaction? - 380
Not scored yet29m·2022-05-31·Money

How to Ditch a Bad SIMPLE IRA? What's a Prohibited Transaction? - 380

Your Money, Your Wealth · 380

Is there a way to get out of a bad SIMPLE IRA and stash cash in a tax-free Roth account? Can an owner of a company, that's being sold to another company, load up a Roth account with company shares before the sale, and have a big chunk of cash happily growing tax-free? (What exactly are disqualified persons and…

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