thepensionmaven Posted April 4, 2013 Posted April 4, 2013 A client has several frozen SEP accounts and wishes to consolidate them. He has found an investment vehicle with a fixed rate of return, but the investment is only available to SEPs, SIMPLES and 403(b). Can a SEP account be established just as a rollover with no additional contribution?
Bird Posted April 5, 2013 Posted April 5, 2013 A SEP is a vehicle to get money into an IRA. It's hard to imagine an investment that is permitted in a SEP-IRA but not a regular IRA. Anyway, I don't see why an account couldn't be opened but no new contributions made to it. Ed Snyder
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now