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L1: accountsi have 2 bonds and 1 stock account in one investment company, are these 3 separate IRAs or 1 IRA with 3 investment accounts? If 3 separate IRAs, can i have 3 sepp distributions?2009-09-14 07:40, By: phk, IP: []
L2: accountsGenerally speaking, 3 different IRA accounts would have 3 different IRA account numbers, not 3 investment accounts flowing into the same IRA account number.
Start by checking your account statements or check with your IRA Trustee/Custodian. 2009-09-14 10:54, By: Gfw, IP: []

L2: accountsaccording to the investment company, I have one 1 traditional IRA account with 3 funds. The IRA account number is the same for all the funds, giving each fund a separate fund number. Ex 001-xxxxxxxx, 002-xxxxxxxx, 03-xxxxxxxx, where xxxxxxxx is the IRA accunt number and 001, 002, and 003 are the 3 fund identification numbers. They tell me i can setup another traditional account number, and have funds within it, and transfer/rollover from one IRA account to the other. 2009-09-14 17:34, By: phk, IP: []

L3: accountsBased on the information that you have ONE IRA account, you have the following alternatives:
1) Start a SEPP using that account.
2) If you do not need the full balance for a SEPP, you can directly transfer some of the balance to a second IRA, and then start your SEPP from the IRA with the correct balance. Use the reverse calculator. The other IRA can be used for emergency needs or can be the source of a second SEPP plan down the road if needed.
3) You could partition the IRA into two or 3 accounts and start either:
a) One SEPP plan that uses the entire balance of all 3 IRAs
b) Separate SEPP plans for each IRA account where each plan stands on it’s own. This is quite rare, but is legal.
Basically, while you have considerable flexibility before you start your plan, you are better off to keep things as simple as possible. There is less chance for error and less chance of having to explain what you are doing to the IRS.2009-09-14 18:38, By: Alan S., IP: []