Posts Tagged ‘sep ira solo 401k’
Sep Ira Solo 401k
August 18th, 2010
Question: As a small business owner, can I have a Solo 401k and SEP IRA at the same time?
I am currently employed full-time at a company but I have my own cleaning business on the side. I want to save money in 2007 while lowering my tax bill so I wanted to know if I can have a Solo 401k and a SEP IRA at the same time?
Answer: No. SEP-IRAs are not allowed if you have a 401k program, or even if you have access to a 401k program and dont avail yourself of it.
Part 1 of Solo 401k vs. Self Directed IRA – Intro & Eligibility
Posted in SEP IRA | 
Tags: 401k, investing, ira, retirement, sep, SEP IRA, sep ira solo 401k | 
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