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Subject:  Moving my IRA Date:  12/23/2000  2:45 AM
Author:  glm2600 Number:  26759 of 88513

I am considering moving most of the money in the SEP IRA that my employer has set up for me into an IRA with one of the discount online brokers.

I will be leaving a small amount in the current account in order for it to remain open so that my employer can continue to make contributions to it. Then, yearly, or more often if I choose, I will transfer these contributions to the "online broker IRA".

Now that I have totally confused everyone, my question is, what type of IRA can I open? Does it also have to be a SEP or are there other options?

Thanks in advance.

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