Archive for January, 2008

Sep Ira W2

Question: Can I have a 403(b)/401(k) through work and still fund a SEP IRA with other, consulting income.?

$78k 1099 consulting, $5K to 7K sports officiating, $40k W2 income with $2k Contribution to 403(b).

Answer: Yes you can. Rules are here as well as resources such as a help-line to assist you.

http://www.irs.gov/pub/irs-pdf/p560.pdf

Ako Kamal Dabiran