Can 401 to SEP IRA

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  • rfk
    Senior Member
    • Dec 2005
    • 217
    #1

    Can 401 to SEP IRA

    Is there an allowance for a small business to close their existing 401k plan and transfer into a new, SEP IRA without any penalties, restrictions or other issues, or just the sensibility of the idea altogether? I had a person ask me this and was not sure.

    Thank you

    rfk
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