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I recently started a new job in July and am therefore
not yet able to contribute to my company's 401k plan.
In addition to my salaried position I have also earned wages as an independent contractor over the past year.
My question is that if I have already contributed to a traditional IRA, is it possible for me to set up a SEP-IRA (in the amount of 13.04% of wages received as an indepent contractor)?.
If so,how could I set one up and would it be tax deductible or deferred?

Thanks
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