Can a self-employed individual who is over the age of 70.5 and currently receiving RMD from his SEP, make contributions to his SEP as an employer and then also make a contribution to his SEP as an individual (provided all other requirements and limitations are met)?
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A SEP is an employer plan, so contributions as an individual are not allowed. -
Yes but all eligible employees (if there are any besides himself) must have a contribution made on their behalf too. Also as long as he is working there is no age limit to contributions
https://www.irs.gov/retirement-plans...-contributions
Last edited by Dude; 03-19-2020, 01:52 PM."Dude, you are correct" Rapid RobertComment
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