Individual 401k and Spousal Simple IRA Contribution in same year
An individual contributed the maximum amount into an Individual 401; the spouse contributed to a Simple IRA in the same business name.
Is this permissible?
An individual contributed the maximum amount into an Individual 401; the spouse contributed to a Simple IRA in the same business name.
Is this permissible?
Permalink Submitted by Alan - IRA critic on Wed, 2024-05-29 18:19
No. An employer cannot maintain a SIMPLE IRA with any other plan.