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If I "max out" on my contribution to my SEP plan this year (24K) can I also do a simple and/or Roth IRA? Live in Texas.

Thanks.

PS please email a copy of the response as well as a board post.

dlc
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Greetings, dlc, and welcome. You asked:

<<If I "max out" on my contribution to my SEP plan this year (24K) can I also do a simple and/or Roth IRA?>>

You can't have a SEP and a SIMPLE at the same time as a self-employed person. You can max out in either, though, and still be able to contribute up to $2K to a Roth IRA.

Regards....Pixy
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