What Are The Rules For SEP IRA? You’re at least 21 years of age. You meet the 3-of-5 rule, which means you’ve worked for the company for any amount of time — even just seasonally for a couple of months — during at least three of the past five years. Your employer paid you at
Can I Have More Than 1 SEP Account? Although you can have more than one SEP IRA, your total contribution cannot exceed the annual combined limit the IRS allows. The maximum amount of the IRA contribution you can make to all accounts depends on your income level. Can Sep IRAs be combined? Technically, the SEP
Can You Transfer Money From A SEP To An IRA? Can you transfer money from a SEP to an IRA? The rules for rolling over or transferring funds are the same as for a traditional IRA. You generally can move funds to or from a SEP IRA into or from a traditional IRA or other