Coordinating SEP and Simple IRA’s
I have a client who has his own business and has been contributing to a SEP IRA.
He is also an employee of another company who has a Simple with 3% match. Ideally he would contribute the max.
What are the limits of the two together?
Permalink Submitted by Alan - IRA critic on Fri, 2022-09-30 22:59
Assuming these are unrelated companies, the limits contributed to these two plans are not affected by contributions made to the other plan. Each plan can be treated as if the other does not exist, but of course each plan has it’s own individual limits.