IRA transfer

IRA Transfers and Roth Conversions Under the CARES Act: Today’s Slott Report Mailbag

Question:I am 79 and still employed. My employer has an SEP for me and I have a Rollover IRA from a previous employer. Can I transfer my Rollover IRA to the SEP account?Thank you,GeorgeAnswer:Hi George,There are no restrictions in the tax law against combining a SEP IRA and traditional IRA that contains funds rolled over from an employer plan.

Divorce, IRAs, and a Twist

Many times when individuals divorce the IRA is split between the spouses. This is done through the divorce decree or separation agreement. An IRA is never split using a qualified domestic relations order (QDRO). That is only used for splitting employer plans, such as 401(k)s.

5 Things You Can NOT Do With Your IRA

The "I" in IRA stands for individual. There are many things you can do with your IRA - and we cover them at length in this space. However, there are also many things you CAN'T do with the account. Here's a list of five.

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