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Okay- this is the first year our small business has had a SIMPLE IRA and I've been putting in the max that I get matching contributions on- 3%.

I also have a personal IRA.

My income this year will be about $36K (maybe a teensy bit more with bonus?) and I have put nothing in my personal IRA so far this year.

My 3% is adding up to $90/month- $45 from me, and $45 from my employer leaving me at a total of $495 of my own contributions to my SIMPLE IRA at the end of this year (we started in Feb).

So here's my question- now that the law says I can put in $3000- where do I put it or does it matter? If I opt for more in my SIMPLE IRA- I get no more matching incentives.

Also- does the SIMPLE IRA contributions fall under the same category as personal IRA at all- could I put $3000 in my personal IRA and also get a deduction somewhere else for my SIMPLE IRA? Could I put $3000 in both?

Thanks for you help.
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