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If I make the maximum contribution to my Roth IRA, can I contribute to my SEP-IRA?

I am 61 years old and self-employed.

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January 2016

If you are self-employed and are the sole proprietor (only owner) of the business, you are allowed to max out your SEP-IRA (cannot exceed the lesser of 25% of compensation or $53,000 in 2016) and still contribute to your Roth IRA.

If you have any further questions, I'd be happy to help.

June 2016
June 2016