Nizac,Pixy, thanks for your response. I've been researching this a little more, and along with pubs 560 and 590 from the IRS I've also found the Vanguard University a useful resource and wanted to post a link for anyone else looking into this. http://www.vanguard.com/educ/retire2/univ_r2.htmlFrom this (and pub 560) I understand that "In the case of self-employed individuals, annual SEP contributions are limited to the lesser of $30,000 or 13.04% of their net self-employment earnings." In other words limited to a maximum of $20,864 due to the $160K cap.Not that I'm even remotely close to $160K of self-employed earnings, but I am close to $10K in my 401(k), so it is very interesting to learn that I could setup a SEP-IRA for my self-employed earnings and potentially get some more tax deferral from this, in addition to a ROTH or regular IRA.I had thought I had capped out with $10K in 401(k) and $4K in ROTH IRAs (for my wife and I), but now it looks like I'll be able to squeeze out a little more with 13.04% of my net self-employment earnings. That may only be a few hundred dollars, but every cent counts.Does this sound right?Indeed it is correct. You can get the maximum benefits of both individually as long as in combination you don't exceed the 15% or $24K limit of the combined income.Regards….Pixy
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