Guest jerryl3 Posted August 27, 2001 Share Posted August 27, 2001 I have an IRA/SAR SEP which I have had for 6 years. Is it possible to move some of the account funds into a Roth IRA? Can I change my weekly payroll deductions to go directly to a Roth? Thanks Jerry L Link to comment Share on other sites More sharing options...
Gary Lesser Posted August 28, 2001 Share Posted August 28, 2001 In general, the SEP IRA assets may be converted into a Roth IRA. Ongoing employer contributions can not go directly into a Roth. SARSEP amounts for the current year can not be distributed until the employer has made a determination that the 125% rule has not been violated, or March 15, whichever comes first. Some would argue that the 125% test only affects HCE, but the model notice restricts all employees from distributing those contributions, the instructions, however, seem to restrict distributions from being made to HCEs only (go figure). Link to comment Share on other sites More sharing options...
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