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Updated over 6 years ago on . Most recent reply
401 k Combined with Simple IRA, SEP IRA
Hi all,
I am planning to invest into Real Estate from SDIRA LLC or Solo 401k LLC. I as of now have a SDIRA. This year and next year I am getting self-employment income on 1099. I like to contribute as much as I can tax differed to the retirement accounts like solo 401k, IRA etc. I know that I can contribute to
Solo 401k $18500 + 20% Employer contribution
$5500 towards Traditional or Roth IRA
And then there are SEP IRA, SIMPLE IRA etc
I am wondering what combination of retirement accounts gives me the maximum contribution to the retirement accounts.
Can I do
Solo 401k + SIMPLE IRA
Solo 401k + SEP IRA
Please advice
Thanks
Chai