If you're an employee of a company that offers a SEP IRA, your contributions count toward your traditional IRA contribution limit rather than the limit for defined contribution plans. For example, as of 2013, you can contribute up to $6,500 if you're 50 or older, or $5,500 if you're younger than 50.f you're self-employed, you can't contribute more than 20 percent of your net self-employment earnings. However, neither your employer nor you as a self-employed individual can contribute more than $51,000 to your SEP IRA as of 2013.
http://budgeting.thenest.com/can-person-401k-sep-ira-simultaneously-28775.html
Total Contribution Limits. The IRS limits the total amount that can be contributed to your SEP IRA and your 401(k) plan by both you and your employer. As of 2013, the limit is $51,000 if you are under 50 and $56,000 if you are 50 or older.f you're self-employed, you can't contribute more than 20 percent of your net self-employment earnings. However, neither your employer nor you as a self-employed individual can contribute more than $51,000 to your SEP IRA as of 2013.
http://budgeting.thenest.com/can-person-401k-sep-ira-simultaneously-28775.html
Yes. You can make contributions to both a SEP and a Solo 401K Plan. In other words, a business can have both a SEP IRA and a Solo 401(K) Plan, although, there is generally no advantage for a business to have both active at the same time.A Solo 401(k) Plan includes both an employee and profit sharing contribution option, whereas, a SEP IRA is purely a profit sharing plan.Under the 2015 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum employee deferral contribution in the amount of $18,000.That amount can be made in pre-tax or after-tax (Roth).nder the 2015 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum employee deferral contribution in the amount of $18,000. That amount can be made in pre-tax or after-tax (Roth).
http://www.irafinancialgroup.com/can-i-make-contributions-to-both-a-sep-and-a-solo-401k-plan.php
This limit includes your contributions to your SEP IRA as an employer (or your employer's contributions on your behalf) plus both your contributions and your employer's contributions to your 401(k) plan. For example, suppose you're under 50, self-employed and also work for a company that offers a 401(k) plan.f you're self-employed, you can't contribute more than 20 percent of your net self-employment earnings. However, neither your employer nor you as a self-employed individual can contribute more than $51,000 to your SEP IRA as of 2013.
http://budgeting.thenest.com/can-person-401k-sep-ira-simultaneously-28775.html
Contribution Limits. The contribution limits for SIMPLE IRAs are lower than 401(k) plans, so your SIMPLE IRA contribution cannot exceed the lower limit and your total contributions can't exceed the higher, 401(k) plan limit. In 2012, the limit for a SIMPLE IRA is $11,500 and the limit for a 401(k) plan is $17,000.As a result, if you put $11,500 in your SIMPLE IRA, you can't put more than $5,500 in your 401(k) plan.If your total contributions to your 401(k) plan and SIMPLE IRA exceed the annual limits, the IRS penalizes you by disallowing the deduction for your contribution.n 2012, the limit for a SIMPLE IRA is $11,500 and the limit for a 401(k) plan is $17,000. As a result, if you put $11,500 in your SIMPLE IRA, you can't put more than $5,500 in your 401(k) plan.
http://finance.zacks.com/can-contribute-401k-simple-ira-same-year-2907.html
You can have both a 401(k) plan and a SEP-IRA if you have wages and self-employment income, but chances are those plans will have different administrators. When you participate in your employer's 401(k) plan, you have no choice about the administrator.ou must have self-employment income in order to qualify for a SEP-IRA. If you receive a 1099 from one or more clients, or if you self-report income from freelance or consulting work, you can shelter a portion of that income from current taxes by setting up a SEP-IRA.
http://www.ehow.com/about_7673709_can-contribute-sep-ira-401k.html
If you have both wages and self-employment income, you can contribute to both your employer's 401(k) plan and your own SEP-IRA.ou must have self-employment income in order to qualify for a SEP-IRA. If you receive a 1099 from one or more clients, or if you self-report income from freelance or consulting work, you can shelter a portion of that income from current taxes by setting up a SEP-IRA.
http://www.ehow.com/about_7673709_can-contribute-sep-ira-401k.html
For 2014, the maximum contribution on behalf of an employee to an SEP-IRA is the lessor of $52,000 or 25% of your ‘eligible compensation.’ For the self-employed, the contribution limit in 2014 is the lesser of $52,000 or 20% of earnings, according to the IRS.ow to the question my accountant got wrong. Let’s assume that in addition to self-employed income you also have a regular job where you contribute to a 401k. Do your 401k contributions reduce the amount you can contribute to a SEP IRA.
http://www.doughroller.net/retirement-planning/sep-ira-for-the-part-time-self-employed-who-also-contribute-to-a-401k/
If you're self-employed, you can't contribute more than 20 percent of your net self-employment earnings. However, neither your employer nor you as a self-employed individual can contribute more than $51,000 to your SEP IRA as of 2013.f you're self-employed, you can't contribute more than 20 percent of your net self-employment earnings. However, neither your employer nor you as a self-employed individual can contribute more than $51,000 to your SEP IRA as of 2013.
http://budgeting.thenest.com/can-person-401k-sep-ira-simultaneously-28775.html
1. There are restrictions on how much you can contribute to different accounts. The 2015 contribution limit for a 401(k) is $18,000; $24,000 if you’re 50 and over. Then you can also deposit up to $5,500 in a Roth or traditional IRA for 2015 ($6,500 if you’re 50 and up).That’s the combined limit for both types of IRAs, by the way.You can’t put, say, $5,500 each into an IRA and a Roth IRA.hen you can also deposit up to $5,500 in a Roth or traditional IRA for 2015 ($6,500 if you’re 50 and up). That’s the combined limit for both types of IRAs, by the way. You can’t put, say, $5,500 each into an IRA and a Roth IRA.
https://www.betterment.com/resources/retirement/401ks-and-iras/can-you-have-a-401k-and-an-ira/
can you contribute to a 401k and sep ira
Yes, you can contribute to a 401k and Simplified Employee Pension Individual Retirement Arrangement. You can contribute to both a 401k and a Simplified Employee Pension IRA. 