Both SIMPLE and SEP
Can one have both a SIMPLE and a SEP IRA if she owns an S Corp and is the sole owner?
I am unclear on this… I thought not.
Can one have both a SIMPLE and a SEP IRA if she owns an S Corp and is the sole owner?
I am unclear on this… I thought not.
Permalink Submitted by Alan - IRA critic on Fri, 2013-12-13 00:43
No. A SIMPLE IRA must be the only active retirement plan for an owner.