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.
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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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Thank you so much!
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