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Level 5
April 15, 2021
Question

Can you roll over a terminating 401k into a SEP IRA ?

  • April 15, 2021
  • 1 reply
  • 2 views

I have a 401k that is terminating due to the company being acquired and would like to roll it over into an existing SEP IRA.  Is that permitted?  All of the moneys in both are pre-tax contributions.

1 reply

RayW7
Level 12
April 15, 2021

Retirement plans can be rolled over and consolidated into a SEP. This includes traditional IRAs, 401(k) plans, money purchase plans, profit sharing plans, defined benefit plans, 403(b) plans and Rollover IRAs.

 

A Roth IRA, or retirement accounts with after-tax contributions, cannot be rolled over into a SEP IRA.

 

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Jim202010Author
Level 5
April 16, 2021

Thank you so much!