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I have a few questions regarding ROTH IRAs, profit sharing, SEPs, and 401(k)s that have been bothering me for a while.

1) This is for a friend who's in his early 30's and won't be retiring anytime real soon. If you are eligible to contribute to a SEP, a deductible IRA and a ROTH IRA, which would you contribute to first and why? He's trying to figure out how to maximize his contributions because he can't afford to contribute to them all.

2) Is there a maximum that can be contributed towards a Roth IRA, SEP and 401(k) combined? Does that matter whether it's an employer or employee contribution?

For example, can I personally contribute $2K towards my Roth, max my 401k to $10k (no employer match) and still have another employer contribute to my SEP (no employee match)? Any recommendations as to which I do first?

Since this is a confusing topic, I'm hoping that my questions are clear enough.
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