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Schedule C Self-employed retirement plan vs Traditional IRA
I file a Schedule C for some consulting work outside my primary job. I do not have employees although subcontracted a small part of my work this past year.
If I want to contribute some of my income to a retirement account, can I just use my existing Traditional IRA or do I need to set up a separate "Self-Employed Retirement Plan."
Thanks!
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‎January 20, 2020
2:40 PM