[header] How to convert a simple ira [title] Contact your simple ira plan administrator (most likely a bank or other savings institution, an insurance company, or a brokerage) and ask for a cash distribution. [title] Listen to the administrator's advice. [substeps] This 3rd party administrator is required by law to advise you of your rights and consequences. 
The administrator is responsible for making you aware of any additional expenses that may be incurred from the conversion. [title] Request the cash distribution if you are willing to pay the tax and withdrawal fee consequences, if any.