Archive for the ‘SEP IRA Rollover Rules’ Category

How Will My SEP IRA Rollover be Taxed?

Aside from simply wanting to save money for their retirement years, most people participate in some form of retirement savings vehicle, such as an IRA, because they want to improve their tax situation – specifically, they want to pay less income tax. The fact that contributions to a retirement savings vehicle often have a tax deferred status is a primary selling point for IRAs. When you’re thinking about taking money out of an IRA, as in the case of a rollover, you may have questions about how that will affect the tax deferred status of your money. You’ll be relieved to know that the chances you’ll lose the tax deferred status of your money are very slim indeed. (more…)

What Rules Apply to My SEP IRA Rollover?

An SEP IRA is different from a traditional IRA in that it’s designed specifically for small business owners and for people who are self-employed.  In fact, the SEP stands for Simplified Employee Pension and, as the name suggests, an SEP IRA is, in many ways, simpler to use in terms of management and record keeping than other types of IRAs.  If you have decided that the time is right for you to move your money out of an SEP IRA and into another qualified retirement savings plan, the process is fairly simple, but there are a few rules you’ll need to be aware of. (more…)

Should You Do a SEP IRA Rollover to a Traditional IRA?

Deciding how to invest for your retirement is one of the most important financial decisions that you’ll make in your lifetime – and fortunately, there’s an endless array of excellent financial options and products out there to choose from.  One option – an IRA – is a retirement savings solution that most people consider when deciding how to safely invest money for the future. (more…)