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The $30K is your total limit to all retirement accounts (SEP, SIMPLE, SARSEP, QRP, Keogh, 401K, 403B, etc...but not Traditional or Roth IRAs) from all sources. So if you have multiple jobs (and thus multiple plans) you have a maximum ceiling.

But as Sandy pointed out yesterday, you can go up to $30K with just one retirement plan: the Qualified Retirement Plan (QRP). That's one advantage of a QRP over a SEP - a $30K ceiling versus $24K (not that it has become an issue for me yet <g>).

I have only one "job" as the sole employee of my C-corp., and my corporation can put a maximum of $30K into my QRP.


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