I'd only been at my workplace for a little over a year, when they set up a new retirement plan (401K) that effectively replaced the old plan (SEP IRA). That is, they would no longer make contributions into the old plan.I had received some money into the SEP IRA that I had left in cash as the market dropped.I have the option to transfer the money into the 401K. But given the greater investment flexibility, I'm wondering if I could transfer it into a Roth IRA?I realize I would have to pay taxes on the amount. Are the any other costs or penalties involved with such a transfer?Any pros or cons you can think of?With thanks,Michael
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