you can roll the SEP into a traditional IRA without owing taxes. However, being able to convert the SEP IRA into a Roth IRA will depend on your income, ability to pay the tax on the Roth contribution, and other restrictions.
Traditional, SEP, and Rollover IRA’s that were receiving tax benefits at the contribution stage will now owe taxes when the money is withdrawn. When you take money out of these accounts in retirement it will be taxed as income. This means you’ll likely have to allocate some of each with...
There are a number of IRAs that may be eligible for 403(b) rollovers, such as Traditional IRAs, Roth IRAs, SEP IRAs, and SIMPLE IRAs. That means hard-saved money in 403(b) plans can be rolled into a Precious Metals IRA as well. If you’re interested in a 403(b) to Gold IRA ...