No. of Recommendations: 0
Greetings, Csufstudent, and welcome. You asked:

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.

An employer is NOT required to make a SEP contribution, but when it's made the same percentage of compensation must be made to all eligible employees. If your folks don't wish to make a contribution to the SEP this year, they don't have to do so.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.