Traditional IRA to SEP IRA Rollover

Submitted by Steven Goodell on Tue, 2019-07-09 21:20

I moved a small Traditional IRA to a larger SEP IRA for consolidation purposes. The CPA is starting now that a new SEP IRA must be opened to receive new contributions.
Why would that be and what is the logic behind the rule?



Submitted by Alan - IRA critic on Tue, 2019-07-09 23:26

There is no such rule whether the SEP IRA is an on going SEP or not. 

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