The IRA is a handy place to consolidate all of your retirement funds. It can help you stay in control by not having to keep track of several company plans and IRAs and the beneficiary and withdrawal options with each plan. You won't have to worry about required distibutions from both your company plan and your IRAs once all the funds have been rolled to an IRA. |
A SEP plan allows an employer to make contributions toward an employees' retirement, and if self-employed, his or her own retirement. |
