Can I contribute to a SEP IRA and 401(k)?

Answer Yes. A person can contribute to both a SEP IRA and a 401k. The SEP IRA is thought to be easier to administer while the 401k has a loan feature and possibly higher contribution amounts at the same ... Read More »

Top Q&A For: Can I contribute to a SEP IRA and 401(k)

Can you contribute to IRAs& a 401k?

The Internal Revenue Service rules permit people to contribute to both IRAs and 401k plans. The contribution limits for the two types of retirement plans are independent of each other.References:IR... Read More »

Can I contribute to an IRA if I maxed out my 401k?

You can contribute to an IRA even if you have already maxed out your 401k plan contributions, according to the Internal Revenue Service. The contribution limits are counted separately. However, if ... Read More »

How do I contribute to a 401k& a Roth?

Begin 401k SavingAsk human resource personnel at work about details on contributing to your 401k plan. Choose a percentage of your income to contribute to this payroll deduction plan and begin mak... Read More »

Can I contribute to both a 401k and an IRA?

According to Charles Schwab, the best way to save for retirement is to contribute to an IRA as well as a 401k. Fund the 401k first. Then, if you can save more than what your employer will match and... Read More »