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Revised Ques re SEP-IRA age limit

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    #1

    Revised Ques re SEP-IRA age limit

    Can a self-employed person who is over 70 1/2 establish a SEP-IRA for himself? Or is the SEP-IRA subject to same age limit as traditional IRA?
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    #2
    yes

    a self employed person may participate, but must also take minimum distributions as required.

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      #3
      I agree that a self-employed person (with self-employment income) over age 70½ can make a SEP-IRA contribution (not an IRA contribution) but also must withdraw their minimum distribution.

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