First Republic Private Wealth Management includes First Republic Trust Company; First Republic Trust Company of Delaware LLC; First Republic Investment Management, Inc., an SEC-Registered Investment Advisor; and First Republic Securities Company, LLC, Member FINRA/ SIPC.
Contributions to a traditional IRA reduce your AGI (Adjusted Gross Income) and lower your taxes. Your contribution must be made by April 15 following the tax year to be deductable. Contributions to a Roth IRA do NOT reduce AGI and do not lower your current taxes.
SEP contributions can NOT be made into a Roth IRA. Unless the tax-deferred annuity is an IRA/401k Annuity, those funds can not be rolled over to an IRA or 401(k). So, âYes,â certain IRA and 401(k) funds can be combined via a complying rollover or transfer, but all funds can not.