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Author: Hillmp Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75794  
Subject: Convert SEP to Roth? Date: 6/22/1999 4:11 PM
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My wife has a SEP which is in the process of being transferred from Vanguard to Ameritrade - all the better to invest Foolishly. I've read a bit about Roths and find their tax-free growth compelling.

Is their a way to convert the SEP into a Roth?

From the reading I've done it seems that it would have to convert first to a regular IRA, then from the regular IRA to the Roth. If this is the case, are there significant disadvantages to such a conversion?

Assuming she made such a conversion, could my wife then make annual contributions to the Roth instead of the SEP? My sense is the tax-free growth of the Roth would outweigh the higher contribution limit allowed by a SEP.

Many thanks for any help.

Michael
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