I am new to this kind of foolishness and am attempting to consolidate my retirement accounts. I am self-employed with no employees and have at present 4 KEOGH type pension plans: 3 are profit sharing plans and 1 is a money purchase pension plan and I would like to consolidate them into 1 Profit Sharing Plan and one Money Purchase pension Plan in order to maximize the tax-freecontributions. All four plans are with mutual fund brokerage accounts and I am Planning to rollover 2 of the profit sharing accounts directly into Traditional IRA accounts. As far as I know, there is no problem with this part. Please let me know if there are any special steps I must follow to prevent any tax liability.I want to open 2 new online accounts, one for a new money purchase plan and one for a new profit sharing plan. The only on line service I found that was fairly low in price and would provide these two plans was Fidelity. So to avoid their higher commission rates, I would like to roll-over only about 2k from one of the existing profit sharing plans into the new profit sharing plan with Fidelity and roll-over the remainder of the funds in that existing account into an online Traditional IRA account where I can invest with lower commissions. In addition I would like to do the same with the Money purchase Plan: 2k into the new Money Purchase Plan and the remainder into a Traditional IRA. Is there any tax liability by doing partial roll-overs in the manner provided they are direct roll-overs?
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