I max out my 401k at work, which means I will do 19,000 before tax, and with the total before tax, after tax, and employer contribution I will hit the max of 55,000 / 56,000 or whatever it is this year.
Additionally, I did a backdoor roth of 6,000
My question is, I also have some income from a side business I have that is unrelated to work. I write books and sell them on Amazon. As far as I can tell, I can open up an SEP IRA and contribute 20% of the net income from that to the SEP IRA.
But what I am having trouble figuring out is how the limits from the SEP IRA interact with the limits from the 401k / roth IRA.
i.e. if I max out the 401k to the 56k (or whatever it is this year) can I still contribute to the SEP IRA ?