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sep vs keogh plan - contributions after age 70.5


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Guest kprhok
Posted

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!

Posted

but he has to take MRDs under 401(a)(9) each yr under either plan.

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