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Deemed Roth IRA?


Dennis Povloski

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I've never dealt with deemed IRAs inside a plan. If the plan allows for deemed Roth IRAs, is it possible to roll a Roth IRA into the deemed Roth IRA within the plan? I know that you can't roll a Roth IRA into a 401k plan, so if the participant wants to consolidate assets. Would allowing the plan to set up a deemed Roth IRA allow him to roll his money into the investment platform if the platform can recordkeep the Roth IRA separately?

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