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Rollover to SEP-IRA or Trad IRA
Old 12-09-2015, 08:37 PM   #1
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Rollover to SEP-IRA or Trad IRA

I have a question, I opened a SEP-IRA as I earned income from my scorp this year and thought I could leverage that since I ddint have an employer sponsered IRA at the time...I since was hired FTE and now have access to 401k, but going to keep scorp going for consulting.

My question is,
I have an old employer sponsored IRA that I want to rollover to VG, should I roll this into my Traditional IRA Brokerage, or the SEP-IRA Brokerage... and if I plan to do a roth conversion, does THAT make a difference?

Curious what you all know.
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Old 12-10-2015, 09:59 AM   #2
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Employer sponsored "IRA", not 401k? Anyway, I had a small SEP-IRA that I rolled into my traditional IRA for book keeping simplification. I'm not sure it really makes any difference from a tax perspective, but this post was just to get your question back up to the top so someone who knows what their talking about can see it quicker, haha!
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Old 12-11-2015, 08:43 AM   #3
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Quote:
Originally Posted by kgtest View Post
My question is,
I have an old employer sponsored IRA that I want to rollover to VG, should I roll this into my Traditional IRA Brokerage, or the SEP-IRA Brokerage... and if I plan to do a roth conversion, does THAT make a difference?
It makes no difference.

"A SEP-IRA account is a traditional IRA and follows the same investment, distribution, and rollover rules as traditional IRAs."

https://www.irs.gov/Retirement-Plans...regarding-SEPs
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Old 12-11-2015, 09:36 AM   #4
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ABout ten years ago I transferred my SEP-IRA to Vanguard. Shortly after I transferred an IRA also, and rolled over to Sep-IRA. I'm still contributing to SEP-IRA, so went with that option.

In the end I do not think it matters much when you distribute. If your sure they are both currently 100% before tax contributions, it will simplify things for sure.
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