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I have my own individual Roth IRA. My employer informed me that they will be setting up a SEP for me this year. Is the contribution limit ($3000 now?) applied to each? So if my employer contributes 3000 to my SEP, can I still contribute 3000 to my IRA? Or does the 3000 cap mean that I can't put any in my own IRA if they put 3000 in my SEP?

Thanks.
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