Sep Ira And Roth Ira
Question: IRA amounts?
I am eligible to put money in a traditional ira, a roth and a SEP. If I invest in all three what is the maximum total amount I can put away?
Answer: Your 401K max is $15,500 and an IRA (Roth or otherwise) is $5,000.
Roth vs. traditional is different in regards to taxes. Roth’s are eligble for tax free benefits upon withdrawal ONLY after you’ve met certain requirements.
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