SIMPLE IRA
What is SIMPLE IRA?
A Savings Incentive Match Plan for Employees (SIMPLE) IRA is an employer-sponsored retirement plan for small businesses with 100 or fewer employees. The 2026 employee contribution limit is $16,000 ($19,500 with catch-up at age 50+). SIMPLE IRA funds can be rolled into a Gold IRA, but the IRS imposes a 2-year waiting period from the date of the first SIMPLE IRA contribution before rollover to a non-SIMPLE account is allowed without penalty.
Why does simple ira matter for Gold IRA investors?
The SIMPLE IRA 2-year rule catches many investors who try to consolidate retirement accounts into a Gold IRA. Attempting an early rollover triggers a 25% penalty (versus the standard 10% for early IRA withdrawals). Verify the date of your first SIMPLE IRA contribution before initiating any Gold IRA rollover from a SIMPLE account.