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Lincoln Ira  Form

Lincoln Ira Form

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We got Susan from Sandy hi Joe and Alan my husband is funny in a SEP IRA that he was able to save when he had a small business year ago he no longer has that business just his regular income which is reported on a w-2 as he cannot add any more savings to the SEP he was thinking about converting this to a Roth IRA this year he will have to pay the taxes on the conversion but is it possible for him to convert straight from his SEP IRA to his Roth Susan yes the answer is yes absolutely, but you would want to be careful I guess I mean what's the balance of the SEP IRA yeah be what tax bracket are you sure I mean you got to ask a few more questions and I think that's a great question because a lot of times when you're reading or listening to pundits the talk about you could do an IRA to Roth conversion you could also do a SEP IRA to a Roth conversion you can do 401k balance to a Roth conversion if it's you can sort of take any retirement account I'm going to convert it to a Robert yeah righ

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