Hi I am self-employed and am looking to open an SEP IRA and contribute a portion of income to it. Am I allowed to create SEP IRA and Traditional IRA and contribute to both in same year? I know that Roth IRA and Traditional IRA I would be restricted on what I can contribute because it would be divided amongst them both but does the same rule count for SEP and Traditional IRA if I wanted to contribute to both would I be restricted somehow?
