Apr 5

First, I do not need a link to an IRA FAQ that talks about various circumstances governing IRA contributions. Read my question and answer it, do not answer an imaginary generalized IRA question.

I just want to know, do contributions to an SEP IRA by my employer have any impact on my ability to fund a Traditional IRA to the normal limit and deduct my contributions. Assume that if the SEP IRA didn’t exist, I could contribute and deduct the full 4000 this year.

one comment so far...

  • Andy Said on April 5th, 2010 at 6:37 pm:

    It doesn’t. The contribution to the SEP is not made by you but by your employer even though the SEP-IRA account is in your name.

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