Multiple IRA’s Retirement plans and IRA’s
I have a new client (currently retired) that has a retirement plan from previous employer, a spousal IRA, and a SEP IRA. He is currently wants to consolidate all of these accounts into one IRA. All of the accounts are currently titled in his name.
Looking for feedback that this is doable. As far as I have read/researched I do not see any issues with consolidating to one account.
Thank you
Permalink Submitted by Jose Morales on Thu, 2015-03-12 18:53
It can be done, but you may want to consider the creditor protection that the funds coming from the previous employer plan will have if it stays in a separate IRA and for the SEP plan as it stands.
Permalink Submitted by David Berdow on Mon, 2015-03-16 08:50
thank you