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I have full-time job with an employer that offers no retirement plans (403b, SEP, or otherwise). I also run a (very) small business "on the side". I have Roth IRA to which I anually contribute the maximum amount. My questions:

1) If I open a SEP, is my contribution limited by total income or just income from self-employment?

If the latter:

2) Is the limit based on gross sales, gross income, or profit?

3) Are there any other tax-deferred options available to get me closer to the 15% total-income-limit for those with 401(k) plans or who are wholly self-employed?

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