Setting up an SEP IRA rollover is relatively simple, as the SEP IRA rollover rules are similar to those that govern traditional IRA rollovers. You’ll first need to establish an IRA account with the provider of your choice. The new account provider will then provide you with the necessary paperwork to move your old SEP IRA funds into the new IRA. As with a traditional IRA rollover, be sure to choose the direct transfer option, as this will prevent you from incurring any unnecessary taxes or penalties that will diminish the value of your retirement accounts. Your account provider can assist you with any additional questions you have about your SEP IRA rollover transfer. (more…)