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fp52
New Member

I worked for an employer and was self employed, I am over 50. Do my 401K contributions with my employer affect the amount I can put into a SEP?

 
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dmertz
Level 15

I worked for an employer and was self employed, I am over 50. Do my 401K contributions with my employer affect the amount I can put into a SEP?

No.  SEP contributions are employer contributions and employer contributions are subject to per-plan limits, not per-individual limits.

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dmertz
Level 15

I worked for an employer and was self employed, I am over 50. Do my 401K contributions with my employer affect the amount I can put into a SEP?

No.  SEP contributions are employer contributions and employer contributions are subject to per-plan limits, not per-individual limits.

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