Hi there! I’m self employed and have been contributing to a SEP (simplified employee pension) account for the past few years. I didn’t see the SEP listed on the ultimate investing checklist. I am wondering how you would suggest prioritizing funding the two accounts SEP & Roth IRA.
You probably know that you can contribute to both a SEP IRA and either a traditional IRA or Roth IRA (presuming you meet income limit requirements) in the same year.
Although it depends on your circumstances, I would fund the Roth first
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