Posts Tagged ‘assets’
Sep Ira Rollover To Traditional Ira
Question: Can I make a Traditional IRA and a SEP-IRA at the same time?
I am currently self-employed. I have a Traditional IRA (a rollover from my former employer sponsored 401k) and a SEP-IRA. Can I contribute the maximum allowable to both by this April 15th?
Answer: No. You cannot make additional contributions to a Rollover IRA.
Make all of your contributions to your SEP.
Good luck, and happy filing!
Financial Services Fullerton CA: Investments, Mutual Funds, 401k, IRA, Annuity, Life Insurance