FINRA Series-7 Question Answer
Bubba is eligible for a Roth IRA. He may convert his SEP-IRA to a Roth IRA:
without restriction
only after the two-year holding period
after a 90-day holding period
not ever
without restriction. A SEP-IRA may be converted to a Roth IRA. The two-year holding period applies to SIMPLE-IRAs.
TESTED 06 Jul 2025
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