Can you rollover from active profit sharing (keogh) to IRA
The owner is 66 years old, and the only participant in the plan, but they will continue to contribute for a few more years.
Is there any problem with doing a partial rollover to an IRA?
The owner is 66 years old, and the only participant in the plan, but they will continue to contribute for a few more years.
Is there any problem with doing a partial rollover to an IRA?
Permalink Submitted by Denise Appleby on Tue, 2007-11-27 05:28
From a techincal perspective… not as long as the withdrawal is permitted under the plan, and the amount is rollover eligible.
Generally, normal retirment age (NRA) does not go beyong age 65. Reaching NRA is a [url=http://retirementdictionary.com/Triggering-Event.htm%5Dtriggering event[/url].
Check the plan document to be sure