Moving SARSEP funds to another investment type

[Guest Janice Pratt]

I'm part of a SARSEP plan my employer set up with Equitable - but I'd like to move some of the funds to another type of investment other than mutual funds and definitely out of Equitable's fund groups. Can I do this? How do I do it?

[IRC401]

Set up an IRA somewhere else and ask your new IRA custodian how to move the money. You'll need to complete some forms.

[Gary Lesser]

Keep in ind that elective contributions from this traditionl IRA (SEP) may not be rolled over to another traditional IRA until after a determination has been made that the 125% test has not been exceeded, or if earlier, March 15, following the end of the plan year.