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Can an SERP be moved to an IRA without tax implications?

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can an SERP be moved to an IRA without tax implications?
Submitted: 2 years ago.Category: Tax
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9/25/2015
Tax Professional: PDtax, Certified Public Accountant (CPA) replied 2 years ago
PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4,710
Experience: 35 years tax experience, including four years at a Big 4 firm.
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Hi from just answer. I'm PDtax, and will assist.

A SERP is a nonqualified plan, and can not be rolled into an IRA.

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Tax Professional: PDtax, Certified Public Accountant (CPA) replied 2 years ago

If you try it, it will likely be a taxable transaction, since you will be taking control of the plan assets, which is one of the keys to taxability.

Thanks for asking at just answer. Positive feedback is appreciated. I'm PDtax.

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