Guest kprhok Posted August 8, 2007 Report Share Posted August 8, 2007 It is my understanding that a sole proprietor can continue making contributions to a SEP arrangement after age 70.5 even though minimum distributions are required. I am unable to find anything regarding contributions to Keogh (PS) plans after age 70.5. Can the owner of a solo practice continue making Keogh contributions after he reaches 70.5, until he retires, say, at age 75? My best guess is No, but I can't back that up with any authority/citations. I thought I would start with this discussion group since many who post here are involved with small company plans such as seps, simples, etc. Thanks! Link to comment Share on other sites More sharing options...
Belgarath Posted August 8, 2007 Report Share Posted August 8, 2007 Age 75, 83, whatever - age is immaterial. He can contribute to a PS plan at any age. Link to comment Share on other sites More sharing options...
Guest mjb Posted August 8, 2007 Report Share Posted August 8, 2007 but he has to take MRDs under 401(a)(9) each yr under either plan. Link to comment Share on other sites More sharing options...
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