Max Simple IRA and Sep IRA in same tax year?
As employee of CPA firm, can I max my 2019 Simple withholding at $13,000 and max a SEP IRA with $56,000 (as sole LLC owner of registered investment advisory)?
As employee of CPA firm, can I max my 2019 Simple withholding at $13,000 and max a SEP IRA with $56,000 (as sole LLC owner of registered investment advisory)?
Permalink Submitted by Alan - IRA critic on Wed, 2019-01-23 16:58
Yes, you can make both contributions independently of the other for this particular plan type combination.