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| erblonddoc[at]yahoo.com (T Naik) writes: - quote - > I have a question regarding a 401k and SEP IRA. I
Yes. See IRS Pubs 560 and 590.> established a SEP IRA when I was self-employed. I am still > self employed until July but have started with a new company > that offers a 401k. I will be contributing to the 401k but > can I still contribute to my SEP-IRA? - quote - > Can I still have my
Once SEP contributions are in the IRA, the IRA itself is> SEP-IRA or do I need to close it since I am no longer > self-employed? just a plain old vanilla traditional IRA. You can still contribute to it, but deductibility depends on AGI because of your plan coverage (the 401(k)) at work. (Pub 590) Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| I have a question regarding a 401k and SEP IRA. I established a SEP IRA when I was self-employed. I am still self employed until July but have started with a new company that offers a 401k. I will be contributing to the 401k but can I still contribute to my SEP-IRA? Can I still have my SEP-IRA or do I need to close it since I am no longer self-employed? Sincerely, T.Naik << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 401k, ira, question, sep |
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