Comments on: If my employer funds a SEP IRA in my name, does that impact my Traditional IRA contribution limit? http://www.iraroth.net/2010/02/if-my-employer-funds-a-sep-ira-in-my-name-does-that-impact-my-traditional-ira-contribution-limit/ IRA Questions and Answers Thu, 20 Oct 2011 14:36:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dr. Deth http://www.iraroth.net/2010/02/if-my-employer-funds-a-sep-ira-in-my-name-does-that-impact-my-traditional-ira-contribution-limit/comment-page-1/#comment-642 Dr. Deth Sun, 28 Feb 2010 12:03:21 +0000 http://www.iraroth.net/2010/02/if-my-employer-funds-a-sep-ira-in-my-name-does-that-impact-my-traditional-ira-contribution-limit/#comment-642 possibly - are you also able to contribute to the SEP IRA? If yes, just funnel more of your pay into that. If you wind up being limited - you could put money in Roth IRA - post tax possibly – are you also able to contribute to the SEP IRA? If yes, just funnel more of your pay into that. If you wind up being limited – you could put money in Roth IRA – post tax

]]> By: Jeff M http://www.iraroth.net/2010/02/if-my-employer-funds-a-sep-ira-in-my-name-does-that-impact-my-traditional-ira-contribution-limit/comment-page-1/#comment-641 Jeff M Sun, 28 Feb 2010 11:54:11 +0000 http://www.iraroth.net/2010/02/if-my-employer-funds-a-sep-ira-in-my-name-does-that-impact-my-traditional-ira-contribution-limit/#comment-641 These are the rules with it. For a Traditional IRA, full deductibility of a contribution for 2006 is available to active participants whose 2006 Adjusted Gross Income (AGI) is $75,000 or less (joint) and $50,000 or less (single); partial deductibility for AGI up to $85,000 (joint) and $60,000 (single). For contributions in tax year 2007, the full deductibility AGI limits are $83,000 or less (joint) and $52,000 or less (single); partial deductibility for AGI up to $103,000 (joint) and $62,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose AGI is less than $150,000 in 2006 and $156,000 in 2007; partial deductibility for AGI up to $160,000 in 2006 and $166,000 in 2007. These are the rules with it.

For a Traditional IRA, full deductibility of a contribution for 2006 is available to active participants whose 2006 Adjusted Gross Income (AGI) is $75,000 or less (joint) and $50,000 or less (single); partial deductibility for AGI up to $85,000 (joint) and $60,000 (single). For contributions in tax year 2007, the full deductibility AGI limits are $83,000 or less (joint) and $52,000 or less (single); partial deductibility for AGI up to $103,000 (joint) and $62,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose AGI is less than $150,000 in 2006 and $156,000 in 2007; partial deductibility for AGI up to $160,000 in 2006 and $166,000 in 2007.

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