SEP Conversion to Roth

Submitted by David Bregger on Thu, 2009-12-10 14:32

Can an SEP convert directly to a Roth or does it first need to rollover to an IRA before converting?

Permalink Submitted by mk foss on Thu, 2009-12-10 18:50

A SEP is an IRA, no conversion is necessary. Also conversions are allowed from qualified plans without an IRA conversion.

Convert away!