Can you be employed and contribute the maximum to a 457 plan in addition to owning an S-corp and contributing the maximum to your SEP plan through the S-corp at the same time?

Is either contribution limited to the total of $51,000 that the SEP is limited to (i.e. $17,500 contribution to the 457 and $33,500 to the SEP for a grand total of $51,000)? Or can both accounts be maxed out in any given year?

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access