jacktaxmoney
Returning Member

How does Secure 2.0 Act affect SEP-IRA to Roth IRA conversion?

I am a 1 person business. Before 2023, I had been contributing to SEP-IRA and convert the money to Roth IRA each year.  I have heard there are some changes with the Secure 2.0 Act that allow a Roth SEP IRA.  My brokerage doesn't seem to offer such a product.  I am a little confused how Secure 2.0 Act affect things.

 

I also take advantage of the backdoor Roth IRA conversion for my Traditional IRA contribution each year.