Question: what are max amounts I can contribute to the IRA, SEP, spousal IRA, and /or (potentially) Roth IRA? Goal is to fund these accounts to the max over the next 3-5 years so that various investments will grow tax deferred.Instead of the SEP consider a SIMPLE 401(k) for your self-employment. For the self-employed your SEP limit is 20% of your Schedule C bottom line minus the adjustment to income for 1/2 of self-employment tax. The SIMPLE limit is higher (up to 100% of compensation). Important point: you must have the SIMPLE established by October 1 of the plan year.See IRS Publication 560.Phil
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