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|Subject: Have SEP IRA - can I get a Roth too?||Date: 12/24/1999 1:49 AM|
|Author: Buoy||Number: 16833 of 75539|
Part of the MF explanation of IRAs says,
"Annual contributions to a Roth IRA are limited to $2,000 minus the taxpayer's traditional IRA contributions."
I currently have a SEP-IRA, to which more than $2,000 is being contributed, yearly. Does that, together with the above quote, mean that I wouldn't be able to contribute to a Roth IRA?
Thanks for any help.
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