Can an IRA be rolled over into a qualified retirement plan (e.g., 401(k), profit-sharing, etc.)?
An IRA can be rolled over into a qualified retirement plan, assuming the qualified retirement plan has language permitting such rollovers. IRS Publication 560 explains the types of retirement plans available to small businesses. If you’re still within the 60-day rollover window, I suggest you seek professional advice from a CPA. With a few dollars of costs, you may get good advice on how to keep more of your money. While I hope you can get a better result as well as a good vocation, don’t count on relief from the 10 percent penalty for your educational expenses. For most of the available education benefits, the school has to be accredited. The fact that the school can’t tell you if it is accredited may be an indication that it’s not. An accredited educational institution is any college, university, vocational school or other postsecondary educational institution eligible to participate in a federal student aid program administered by the U.S. Department of Education. Publication 970 di
