Self Emp Simple AND Roth?

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  • RayT
    Member
    • Nov 2005
    • 74
    #1

    Self Emp Simple AND Roth?

    Can a self-employed person (no employees) contribute the maximum to a SIMPLE Plan based on self-employment earnings AND the maximum to a ROTH IRA separately for the same tax year (2012)?
    Tags: None
    • Matt Sova
      Senior Member
      • Jun 2005
      • 645
      #2
      Yes

      As long as they are under the AGI limit for a Roth.
      I would put a favorite quote in here, but it would get me banned from the board.

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