SEP IRA and another IRA?

[Spencer]

Client has inquired about the following article: Employer-Sponsored IRAs: A Retirement Plan with Unique Advantages

Can he have both an "employer-sponsored IRA" and a SEP-IRA?

[ETA Consulting LLC]

Sure. But the contributions to the individual IRA may not be deductible depending on the appropriate rules. The short answer is that there is nothing precluding an individual from participating in a SEP and an IRA during the same year.

Good Luck!

[Spencer]

thank you!