Announcement

Collapse
No announcement yet.

Age limit for SEP-IRA's

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Age limit for SEP-IRA's

    Is the traditional IRA age requirement of under 70 1/2 applicable to SEP IRA's?

    #2
    Originally posted by Unregistered
    Is the traditional IRA age requirement of under 70 1/2 applicable to SEP IRA's?
    Not sure just what you are asking.

    Are you talking about a self-employed person contributing to a SEP-IRA or an employer contributing for an employee?

    Are you talking about the SEP-IRA requirements for contributions or withdrawals for a person over the age of 70½?

    Restate your question and I am sure someone here will give you the answer.

    Comment


      #3
      TTB, page 13-25 "No deduction is allowed for contributions to an IRA for any year in which the individual has reached age 70 1/2 or older. However, this rule does not apply to SEP-IRAs or SIMPLE-IRAs."

      It then provides citations and rules for other retirement plans and self-employed individuals.

      Comment

      Working...
      X