- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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?
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
Still have questions?
Make a post
Or browse the Forums