IRA fees taken from just one IRA
A client has a SEP IRA, simple IRA and IRA. We would like to deduct all our fees for these IRAs from one IRA, either the SEP, Simple or regular IRA. I assume that this is ok but just wanted to double check.
A client has a SEP IRA, simple IRA and IRA. We would like to deduct all our fees for these IRAs from one IRA, either the SEP, Simple or regular IRA. I assume that this is ok but just wanted to double check.
Permalink Submitted by Alan - IRA critic on Thu, 2019-02-28 04:20
That is OK. If you had a Roth IRA, a proprotionate amount would have to come out of the Roth, but it is OK to consolidate among your non Roth IRA accounts.