Michael - My husband and I have an LLC (partnership) with SE income from services. I want to set up a SEP IRA for 2019 (first year in business) and contribute for both of us and the one full-time employee. In 2020, the only employee is part-time, so I'd like to set up a Solo 401k to contribute for myself and my husband. Can I continue to maintain the SEP IRA for the part-time employee? And if so, would I have to make the same percentage employer contributions (as the part time employee) to the SEP IRA for myself and my husband, while making the elective deferrals to the Solo 401k?
Appreciate your insight.
