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Can my wife who is self-employed, 71, income under 275,000, and has a SEP account, allowed to make a contribution to her SEP account ?

She also had a Roth account.  Is she allowed to make both a $6500 Roth  contribution in addition to a SEP contribution ?

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1 Reply
JulieR
Expert Alumni

Can my wife who is self-employed, 71, income under 275,000, and has a SEP account, allowed to make a contribution to her SEP account ?

Yes, she can.  For additional information on this topic please use the following IRS link. https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-contributions

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