Yes. Your client can make contributions to a SEP IRA and make regular, annual contributions to a traditional or Roth IRA. If your client participates in a SEP IRA, they are considered an active participant in an employer-sponsored retirement plan. Typically, your client’s contributions are tax-deductible, but this can change based on other retirement account contributions they are making, their income, or other factors. Contact a tax advisor and read more on the IRS website: *http://www.irs.gov/Retirement-Plans/Amount-of-Roth-IRA-Contributions-That-You-Can-Make-For-2015
Articles in this section
- How long will it take for my client’s SEP IRA to transfer to Betterment?
- What tax forms will my client receive from Betterment for Advisors for their SEP IRA at the end of the year?
- How can my client create a SEP IRA?
- How much can my clients contribute to a Betterment for Advisors SEP IRA?
- Can my client transfer their existing SEP IRA to Betterment for Advisors?
- Can my clients have more than one participant in their Betterment for Advisors SEP IRA?
- Can my client contribute to a SEP IRA and a traditional or Roth IRA?