401k and SEP
Individual has W2 income and also has side landscaping business. He has 401k with match as W2 employee that he participates in. Can he max the 401k contribution from his W2 job, and also Max a SEP contribution from his business?
Individual has W2 income and also has side landscaping business. He has 401k with match as W2 employee that he participates in. Can he max the 401k contribution from his W2 job, and also Max a SEP contribution from his business?
Permalink Submitted by Alan - IRA critic on Tue, 2025-09-02 14:35
Yes, unless he also owns a controlling interest in the W-2 employer.