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SEP IRA to IRA


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Guest JasonMC
Posted

I have a SEP IRA which I contributed to in 1999. In 2000, my accountant suggested I start a Keogh (Money Purchase & Profit Sharing Plan). Because I am no longer contributing to the SEP, how long do I have to keep my SEP around before I can roll it over to an IRA account? Thanks

Posted

A SEP account IS an IRA account. You can combine it with your other IRA account(s) if you wish.

Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

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