Author Topic: Roth IRA/Traditional IRA/SEP-IRA  (Read 759 times)

Mappocalypse

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Roth IRA/Traditional IRA/SEP-IRA
« on: April 05, 2017, 05:12:24 PM »
Long time lurker, first time poster here.

I've been trying to read up on the rules regarding contributions to Traditional IRA/Roth/SEP-IRA and the IRS site is not that clear on my situation.
So without giving too much information, I have a regular job that issues W-2 and multiple side jobs with 1099s.
I already contribute 15% of my pay from my regular job to the company 401k (which matches 3%), and I contributed 25% of what I made from my combined 1099s into a SEP-IRA.

The question I have is that, even with the above contributions going on, would I still be allowed to contribute 5500 into a Roth IRA?

I get conflicting answers in numerous places, and seeing that many people here would probably have multiple jobs, they would be knowledgeable about this situation.


MDM

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Re: Roth IRA/Traditional IRA/SEP-IRA
« Reply #1 on: April 05, 2017, 09:29:37 PM »

Mappocalypse

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Re: Roth IRA/Traditional IRA/SEP-IRA
« Reply #2 on: April 06, 2017, 11:41:45 AM »
Thank you!

I was confused since last year, my CPA had told me that I was disallowed from contributing to my Roth, but looking back, my income was above the allowable threshold.