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|Subject: Is one REQUIRED to contribute to a Sep?||Date: 2/24/2001 3:18 PM|
|Author: csufstudent||Number: 28091 of 73980|
After having established a Roth IRA for both of my parents, I have now realized that they are also eligible for a SEP IRA (both of them are self-employed). I have been trying to find out if there is any sort of minimum required contribution to maintain the SEP. They are not sure how much in addition to the ROTH they will have to contribute.
They will be doing ALL index funds. VFINX is their core 50% and they will be adding Small & Mid cap as well as total international funds.
Do you gus have any recommendations on which accounts they should keep these particular funds in?(because the VFINX is more tax friendly than the others).
They will only be eligible to each put roughly 5,000 in the SEP (each of them) per year.
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