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FINRA Series 7

Category - Series 7

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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

Explanation

Answer: A - without restriction. A SEP-IRA may be converted to a Roth IRA. The two-year holding period applies to SIMPLE-IRAs.

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FINRA Series 7

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FINRA Series 7

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