SEP IRA

I have a client, age 72, who works part time for a doctor who has a SEP plan. My client is eligible for a SEP contribution. Because SEP is under iRA framework can her employer actually make a contribution to a SEP plan on her behalf given her age?



Yes. For SIMPLE and SEP IRAs, contributions can continue beyond 70.5, but RMDs must also be taken based on the year end SEP or SIMPLE IRA balance.



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