Author Topic: New to SEP-IRA  (Read 447 times)

NYC_Squirrel

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New to SEP-IRA
« on: February 20, 2021, 09:23:28 PM »
Hello,

I recently started a side gig part-time along with my full-time job. I'm planning to max out my 401k at my full-time job and my personal IRA this year. I'm thinking about starting a SEP-IRA to help lower my taxable side gig income.

It's my understanding that I can set up a SEP-IRA as an employer for myself, an employee. Once I set up and contribute to the SEP-IRA, can I transfer it to my personal IRA right away?

much thanks,
trying to lower my taxes.

 

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