I have a Roth 401k with my current job. I do a bit of consulting work on the side. If I wanted to invest in a second retirement savings vehicle, I am wondering if there is anything beyond the traditional IRA? Could I put the money in a SEP for the consult income? In particular, I am trying to figure out if there are options that don't have the traditional IRA funding limits.
Thanks
Retirement account options
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One day at a time
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dualstow
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Re: Retirement account options
Since I qualify for a SEP, I have been socking money away in a solo 401(k). Check with specialists to see if you're eligible, but do look into the Solo. Nice high limits.One day at a time wrote: Could I put the money in a SEP for the consult income?
(So far, I have a Roth IRA, the solo 401(k), an old traditional IRA and am about to open a Roth 401(k). Of course, I can't contribute to everything every year).
Last edited by dualstow on Wed Mar 06, 2013 7:00 am, edited 1 time in total.
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