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| Can a simplified employee pension (SEP) IRA be converted to a Roth IRA in the same manner that a Traditional IRA can? |
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Yes. An SEP IRA can be converted to a Roth IRA.
As you may know, an SEP IRA is just a Traditional IRA that receives employer SEP contributions. Once the SEP contributions are made to the account, they immediately assume the identity of regular Traditional IRA assets and are subject to the same set of rules.
This question was answered by Denise Appleby
(Contact Denise)
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