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Sorry if I posted with no message. Anyway. I have two quick questions. My wife has self employment income (form misc 1099)of about 3000 a year. Can she set up a simple IRA. She does not earn the minimum $5000 I have heard. Also can she do a roth and then a simple as well? re: 1500 in a roth and 1500 in a simple or something like that.

Other question. I have a 401k at work. I also have self employement income. I can contribute 10500 to my 401k. If I wanted to, could I do say 6000 in my 401k and then put 4500 in my simple IRA, so long as the total is not more than 10500>>

Thanks to whoever can answer these questions

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