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Greetings, Eric, and welcome. You asked:

1) About 50% of the income I make is from self-employment. My other ("real") job provides me with a 401(k) plan,
which I have contributed to for several years. My understanding is that this should not be a conflict; It's my employer's plan,
not mine (I'm not maintaining it, to use the IRS language). Is this correct?


Yes, that is correct. If you were setting up a SIMPLE or a Keogh for your self-employed plan, then the answer would be different because then you would be limited to the $10,500 total for the 401k and the self-employed plan combined. That is not true when you use the SEP.

2) I also have a Roth IRA; does this count as a plan that I "maintain?" I don't think it does, but wanted to be sure...

Your contribution to a 401k or even a nondeductible traditional IRA has no impact on what you may contribute to the SEP.

Am I headed the right direction here? I should have set one of these up long ago, but I suppose better late than never
(if it helps in anyone's answer, I'm 28; so retirement is quite a ways off yet).


You bet! And at age 28, you have many years to let that tax-deferred compounding work for you.

Regards..Pixy
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