SARSEP IRA conversion to a Traditional IRA
It is necessary to ever convert a SARSEP IRA to a Traditional IRA after an individual retires and no longer contributes to the SARSEP?
It is necessary to ever convert a SARSEP IRA to a Traditional IRA after an individual retires and no longer contributes to the SARSEP?
Permalink Submitted by Alan - IRA critic on Thu, 2023-02-16 17:15
It can be left as is, but if the individual is retired for good it could be directly transferred to a traditional IRA account. Same situation as a SEP IRA after retirement.