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Subject:  SEP and Roth IRA? Date:  1/29/2003  3:24 PM
Author:  GroovePapa Number:  35616 of 98510

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?

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