The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Do I qualify for SEP-IRA? Date:  9/13/2000  10:30 AM
Author:  JoeSchmoe Number:  24785 of 88529

Your maximum SEP contributions are based solely on your net incomes from self-employment. You can't consider the other wages. Details are in IRS Publication 560.

Thanks; what exactly counts as self employed? The outfit we are working for pays us as contractors, I assume that suffices?

Also, are there any special steps one needs to take to set up a SEP-IRA? I am only able to find Roth/Ordinary IRA account applications at various brokerages..

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us