A potential client (age 69) has most of her IRA money invested in a variable annuity with a guaranteed income rider. In may be beneficial for her (for guaranteed income purposes) to delay withdrawals from this IRA at age 70 1/2. She also has a SEP IRA that she contributes to annually as she is employed as a real estate agent, but considered self-employed.

If the objective is NOT to withdraw RMD’s from her annuity IRA at age 70 1/2, can she take her full RMD from the SEP even if she is still working and contributing? Or….should she roll the existing SEP IRA to a traditional IRA in order to take RMD’s? If this is done and she is still working past 70 1/2, can we open another SEP IRA for her to contribute to?

Thanks.