SEP IRA

Posts Tagged ‘retirement’

Question: Roth IRA or Target Retirement Fund?

I’ve reached the Contribution limit on my SIMPLE IRA and have a little extra to put away. Should I open up a Roth IRA or a Target Retirement Fund? Also, what are the investment limits for each?

Answer: Apples and oranges. A Roth IRA is a type of retirement account within which you can hold a target retirement date fund or other investments. “The investments are the cookies; the IRA is the cookie jar.”

Question: i am self employed and i contribute to SEP IRA.i would like to know is it possible to contribute to roth?

Answer: Yes you can contribute to Roth if your MAGI is under 99K for single and 156K for joint.