I'm filing married joint return. Both of us are retired and receiving pension income, but we of course no longer work there. I am continuing to work as a private consultant. I will be putting $13,000 into a SEP IRA based on my income from private consulting. Can my wife and I both - ALSO put money into a SEP IRA or Roth IRA if our income is over $123,000 or whatever the max income limit is? Turbo Tax states that we cannot based on our income because we are covered by a pension/retirement plan at work - but we are no longer working at those jobs where we were covered. Its confusing to me?
PVAg
