The Money Mustache Community
Learning, Sharing, and Teaching => Taxes => Topic started by: NYC_Squirrel 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.