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Sacto Fool writes:

<<Anyway, I spoke with a representative from ML, my "real job's" 401(k) administrator and was told that I would be able to roll the SEP into my 401(k) each year if I chose to.....

I'm not saying he was right and I was never able to get confirmation from the IRS as to whether ANY part of my plans would meet with their approval, so please check with somebody WORTH suing if they steer you wrong before you do anything! <g> >>


And you believed what you were told? I sincerely hope not! You absolutely cannot transfer SEP money into a qualified retirement plan of any type. No plan administrator in their right mind would accept such a transfer. If the plan did take that money, then the entire plan would be disqualified, all participants would get their contributions and earnings distributed, and those proceeds would be immediately taxed and possibly penalized.

Regards..Pixy
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