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…)