Can I continue to contribute to my Roth IRA after my SEP IRA is set up?

I am an independent contractor who is considering setting up a SEP IRA account. In the past, I have only contributed to a Roth IRA, but I would like to put more money away for retirement. I am under the income limits.

Retirement, IRAs
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October 2017

Yes. You can contribute to both.

Even though SEPs are defined as IRAs, they are employer plans. You can contribute to an employer plan and a personal plan like your Roth.

I hope this helps.

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