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I've been watching, but have yet to see this addressed. I'm self-employed, not making a lot of money at the moment, but have a bunch of savings & moderate amount of IRA's & SEP-no 401 etc. Three college tuitions on horizon. I can't see how I can possibly get enough $ into IRA's via 2k or 4k per year, & using my SEP usually doesn't get me much more. I'm 52 by the way. Is there a way (preferably legal) to shift $ from savings & mutual funds to IRA's, SEP's, or other types of retirement accounts or vehicles? I also don't want the colleges to grab my life's savings & I'm getting killed by health insurance premiums but that's another story.
looking forward to some advice,
leindert
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Greetings, Leindert, and welcome. You wrote:

<<I've been watching, but have yet to see this addressed. I'm self-employed, not making a lot of money at the moment, but have a bunch of savings & moderate amount of IRA's & SEP-no 401 etc. Three college tuitions on horizon. I can't see how I can possibly get enough $ into IRA's via 2k or 4k per year, & using my SEP usually doesn't get me much more. I'm 52 by the way. Is there a way (preferably legal) to shift $ from savings & mutual funds to IRA's, SEP's, or other types of retirement accounts or vehicles? I also don't want the colleges to grab my life's savings & I'm getting killed by health insurance premiums but that's another story. looking forward to some advice. >>

I won't offer any advice, just a comment. If you are using your IRAs and your SEP to the fullest extent, then there are no more vehicles available to you for the deferral of taxes except annuities. That's not a terrific product for most people as far as most Fools are concerned (see the annuity articles at http://www.fool.com/retirement/annuities/annuities01.htm for details), but in your case for your objectives you might want to look at them. Beyond that, your avenue will be taxable investment accounts.
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