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.
[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.