Keogh to IRA

do you know if some one has a keogh plan they can do a direct rollover to an IRA if plan allows?



Yes, it can be done.



would direct rollover be the only option for moving into an IRA or can it also be done via transfer? I did not think so



It can be done by a indirect rollover with 20% mandatory withholding taken out, or by direct rollover, which is a two part transaction. First a distribution and then a rollover with no withholding and the check being made out to the IRA custodian or transferred directly to the IRA custodian. A Keogh is a very broad term and can include a defined benefit plan, solo 401k, money purchase pension plan etc.



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