Can I consolidate multiple self-directed IRA accounts?
Yes. Depending on the account types and applicable rules, you may be able to consolidate multiple self-directed retirement accounts. Examples include:
- Traditional and SEP IRAs may generally be combined into a Traditional IRA.
- SIMPLE IRA funds may generally be moved to a Traditional IRA after applicable SIMPLE IRA requirements are met.
- Multiple Roth IRAs may be combined into a single Roth IRA.
- Traditional IRA funds may generally be rolled into an Individual 401(k) plan if the plan accepts rollovers and applicable requirements are met.
Eligibility and tax treatment can vary based on the account types and circumstances.
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