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Author: dvmben Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: 401k overfunding Date: 1/31/2001 9:58 PM
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Also can I still contribute 1900 to a simple IRA which I have through another job, to reach my limit of 10500 of tax deferred income?

I doubt it. The amount is OK, but AFAIK, SIMPLE contributions must be through salary deduction, and it's too late to do so for year 2000. However, I find the SIMPLE rules far from simple. Check with the employer or plan representative.


The simple IRA is set up from my own business where I am the only employee. I think that I can contribute to this simple IRA through APRIL 15 2001 if I am the self employed and the only employee. Does this sound right? I will check with the fund company that administers the IRA

Thanks for the advice about reporting my overpayment

Ben
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