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.
Yes you can Roll as SEP IRA into a Traditional, but you may have to wait until you are done working for the SEP company. This type of rollover would be a non taxable event. Rolling into a Roth is a totally different decision. First, you will owe income taxes on the amount that you convert. Depending on your tax bracket this may or may not be warranted.