SEP/SIMPLE IRA
Can a 100% shareholder of a company with an existing SEP/IRA also start a SIMPLE IRA in a company in which he is 50% owner?
Can a 100% shareholder of a company with an existing SEP/IRA also start a SIMPLE IRA in a company in which he is 50% owner?
Permalink Submitted by mk foss on Fri, 2008-09-12 02:18
The chart created by Denise Appleby in Ed’s September Newsletter indicates that affiliated or related employers are limited to one plan, either SIMPLE or SEP