Skip to Content

What's Hot In Retirement Plans

Must have for financial and tax professionals:IRA...

Must have for financial and tax professionals:...

Calculators, forums, articles and more on 72(t) and 72(q) /SEPP Plans. Includes RMD Calculators...

1234

Retirement Dictionary-IRA News & Tips Best Source

Sign up for our FREE newsletter

 

You Asked Us... and We Answered

  • A sole proprietor (unincorporated business owner) made contributions in excess of the deductible amount for the previous tax year to his SEP IRA. He has no employees (other than himself) and wants to leave the amount in the SEP IRA and apply it to the current tax year. Is that permissible?

     

  • My modified adjusted gross income (MAGI) falls within the phase-out range for Roth contribution eligibility? How do I determine the amount I am eligible to contribute?