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Happy New Year everyone!

I am looking for ways in which I can increase my retirement contributions. I am self employed and I have no employees. Currently, I contribute the maximum 15% to my SEP-IRA and I fully fund my Roth IRA. I'm interested in setting up a SIMPLE IRA for myself as the maximum contribution of $7000 for 2002 will be more than the amount I could contribute to my SEP. Anyone out there have experience with setting this up? Am I right to conclude that this is a viable option? Thank you in advance for any input.
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