01-02-2005, 09:02 PM
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 Re: SEP-IRA and Roth IRA contributions conflict? "Mak Wilson" <mydeadpresidents[at]yahoo.com> wrote: - quote - > I'm currently maxing out my Roth IRA each year.
You can't. SEPs aren't contributory plans like 401(k)s.> My employer (finally) is offering a plan in the form of an > SEP-IRA (often used by smaller businesses in place of > 401k/403b plans). I'd like to contribute a modest amount of > my pay to this plan. Only your employer can fund it. - quote - > I realize there is no conflict in funding a 401k/403b and a
One has nothing to do with the other.> Roth IRA (even if you are fully funding both), but I'm not > sure about an SEP-IRA. Speaking for 2005, will > contributions to my SEP-IRA have any impact on the amount I > can contribute to my Roth? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
12-31-2004, 02:10 PM
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| SEP-IRA and Roth IRA contributions conflict? I'm currently maxing out my Roth IRA each year. My employer (finally) is offering a plan in the form of an SEP-IRA (often used by smaller businesses in place of 401k/403b plans). I'd like to contribute a modest amount of my pay to this plan. I realize there is no conflict in funding a 401k/403b and a Roth IRA (even if you are fully funding both), but I'm not sure about an SEP-IRA. Speaking for 2005, will contributions to my SEP-IRA have any impact on the amount I can contribute to my Roth? Thanks folks! << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| conflict, contributions, ira, roth, sepira |
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