Can you contribute to a 401k and a sep ira

You’ll find the basic answer that you can have both a Solo 401k and a SEP IRA in IRS Publication 560 on page 6 of chapter 2, under the subtitle “More than one plan.” “If you contribute to a defined contribution plan (defined in chapter 4), annual additions to an account are limited to the lesser of $57,000 or 100% of the participant’s compensation.

An $18,000 employee salary deferral to your 401 (k), ideally to your Roth 401 (k) A $53,000 employer contribution to your SEP IRA, assuming you make over $ from your SEP IRA business. Your 401 (k) plan employer may …

Can I Contribute to a SEP IRA and Solo 401k? – Solo 401k

Official Site: https://www.solo401k.com/blog/can-i-contribute-to-a-sep-ira-and-solo-401k/

Answer: Yes – As long as the SEP IRA plan and the 401 (k) plan are offered by separate companies. If you don’t own the company that pays you a W …

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Can I contribute to a 401k and IRA Video Answer

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