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I am in a similar, but much better, situation.

I work full time and have a 401K available to me. My 401K does offer a good match. I can contribute up to 10% of my income, and the first 6% is matched at 100%. So what I do is contribute to my 401K at 6% to get the full match, and then I contribute whatever else I can to my SIMPLE IRA.

What you need to do is figure out how much you want to contribute per year. If your capacity to contribute (how much the IRS will let you contribute) to a SEP, SIMPLE or Keogh is less than what you want to put away, you can then use your 401K for the remainder.

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