Hi,

If I maintained a Simple IRA in 2008 but now realize that I can put more money away in 2009 in a SEP IRA, can I set up a SEP IRA for myself (sole proprietor) and fund this account solely for 2009 without contributing anything to my Simple? If so, are there any reporting requirements regarding me not contributing to the Simple IRA for 2009?

Thank you in advance for your help.

Jason