Retirement Savings Options for Independent Advisors

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Mar 11, 2011 5:23 pm

Question -

 

If I am
registered as in independent advisor and receiving 1099 income from fee-based
investment accounts, but am also a corporate employee of the BD in which I am
affiliated with, receive w2 income, and am covered by a corporate retirement
plan, can I open a SEP IRA with my 1099 income? Is that the best option, are
there others?

Thanks

A

Mar 15, 2011 6:43 am

Yes - you're limited to the SEP 46K though. SEP and 401K can not exceed the 46K. Or whatever the number is.

Mar 30, 2011 3:26 am

I am registered as in independent advisor and receiving 1099 income from fee-based
investment accounts,