can a person contribute to a SEP and an Roth IRA at the same time?

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can a person contribute to a SEP and an Roth IRA at the same time?

2007-12-27 14:35:40 · 2 answers · asked by andrea b 1 in Business & Finance ➔ Personal Finance

2 answers

Only an employer can to a SEP. If you are the owner of the company I would consult with an accountant, but normal employees should still be allowed to make IRA contributions.

2007-12-28 05:54:40 · answer #1 · answered by VATreasures 6 · 0⤊ 0⤋

yes as long as you are paying takes on the money you draw out of the business you can put up to 5k in a roth ira!!!

2007-12-31 11:55:45 · answer #2 · answered by mister ed 7 · 0⤊ 0⤋