Your accountant is right. But how do you get in a SEP-IRA being NOT
self-employed? Are you an independent contractrator for the owner? If
so, 25% of gross income is the max for SEP-IRA.

gaminid[at]gmail.com writes:

- quote -

No, you can only contribute the usual $4000 to your "normal" IRA.
Your employer's contributions to your SEP-IRA doesn't affect that.

- quote -

If you mean "options to put more money away pre-tax", no, there
isn't any other option.


--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

I am working for a small company who offers a SEP-IRA. This is my fist
year and I am not sure how much the company will contribute my SEP-IRA
this year and my guess is less than 5K. In the previous company that I

worked I was able to contribute the maximum allowed for 401K (about 13K

per year). I like to save maximum for my retirement and I am not sure
how can do that.

Can I contribute 8K to a normal IRA (so that total will be around 13K
for this year)?
What are my options to put more moeny away as a retirement fund in
addition to a SEP-IRA through my comapny?


My accountant says I have no other options other than the current
SEP-IRA. I feel it is not true!!


Thanks


Gamini