Comments on: Self-Employment, Taxes and SEP-IRAs http://www.fivecentnickel.com/2006/09/05/self-employment-taxes-and-sep-iras/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 22:51:28 -0500 http://wordpress.org/?v=abc hourly 1 By: Hong Tran http://www.fivecentnickel.com/2006/09/05/self-employment-taxes-and-sep-iras/comment-page-1/#comment-24219 Hong Tran Thu, 14 Sep 2006 20:31:16 +0000 http://www.fivecentnickel.com/2006/09/05/self-employment-taxes-and-sep-iras/#comment-24219 Where did you hear that SEP IRA contributions count against your regular IRA (or Roth) contributions? I was under the impression that they were separate (you can contribute the max to both). Where did you hear that SEP IRA contributions count against your regular IRA (or Roth) contributions? I was under the impression that they were separate (you can contribute the max to both).

]]> By: Foobarista http://www.fivecentnickel.com/2006/09/05/self-employment-taxes-and-sep-iras/comment-page-1/#comment-24148 Foobarista Thu, 14 Sep 2006 06:55:13 +0000 http://www.fivecentnickel.com/2006/09/05/self-employment-taxes-and-sep-iras/#comment-24148 One thing worth mentioning is that the SEP-IRA is typically not the best vehicle if you are self-employed and _don't_ have W2 income. In this case, the SE 401K is almost always better, particularly since the Roth 401K is available as well. In the case of self-employment as a second income, with a 401K and W2 available, the self-employed 401K is not available, but the SEP-IRA is and is a good choice in this case. One thing worth mentioning is that the SEP-IRA is typically not the best vehicle if you are self-employed and _don’t_ have W2 income. In this case, the SE 401K is almost always better, particularly since the Roth 401K is available as well.

In the case of self-employment as a second income, with a 401K and W2 available, the self-employed 401K is not available, but the SEP-IRA is and is a good choice in this case.

]]> By: Carl Guild http://www.fivecentnickel.com/2006/09/05/self-employment-taxes-and-sep-iras/comment-page-1/#comment-22877 Carl Guild Tue, 05 Sep 2006 22:53:42 +0000 http://www.fivecentnickel.com/2006/09/05/self-employment-taxes-and-sep-iras/#comment-22877 Good post Nickel - I need all the help I can get on this front! Good post Nickel – I need all the help I can get on this front!

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