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Sounds good to me. You can have as many qualified plans as you have jobs and you can max them all out. Your 401k is from your primary job and maxing it out is no problem. your Roth IRA has nothing to do with the problem and is fine. As long as you qualify as an employee of your wifes company you can also participate in that plan to the max. Also note that your wifes plan must be a Simple sep ira that allows employees to join.

Robbdoe, your wrong, the maximum a person can contribute to ALL employer sponsored plans is $10,000 for 1999, and $10,500 for 2000.

This person has a 401k and a Simple IRA. The maximum limit for the Simple is $6,000 and the maximum for the 401k is $10,500. If he is maxing out both the the 401k and the Simple is his over contributing.

He asked if he is over contributing to the IRA's. I guess that he don't know that the Simple IRA is an IRA in name only.

Also there is no sure thing as a "Simple sep ira".

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