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I am trying to decide between a SIMPLE and a SEP, and have a few questions which will probably settle it if anyone can answer them. I have read the Retirement Primer, and IRS pub 560 & 590, but not many of the examples deal with my case (employer and employee).

I have two sources of income. One is reported on a W-2 from an employer. The other is self employed income that I report on schedule C. I do not have any employees (other than myself) for my self employed business.

My employer has a 401K plan to which I contribute the maximum allowed of $10K per annum.

Am I eligible to open a SIMPLE IRA and contribute $6K from my self employed income?

If not, would I be eligible to open a SEP IRA and contribute 13.04% of my self employed income (which would be less than $6K in my case)?

In either case, can I still contribute $2K to a ROTH IRA (assuming that my AGI does not go beyond the phase out limits)?

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