SEP for Individual over Age 70 1/2
It is my understanding that a self employed individual over age 70 1/2 may contribute to a SEP, but that the person must also take RMD’s. Is that understanding correct?
It is my understanding that a self employed individual over age 70 1/2 may contribute to a SEP, but that the person must also take RMD’s. Is that understanding correct?
Permalink Submitted by Alan Spross on Fri, 2009-05-01 02:54
Yes, that is correct.