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