https://www.irs.gov/retirement-plans/re ... rding-sepsA SEP IRA is a kind of traditional IRA. So in that sense, nothing is wrong. The question in my mind is whether you were actually eligible to contribute to the SEP IRA in the first place for 2025. If not, seems like that could be an issue.
Because a SEP-IRA is a traditional IRA, you may be able to make regular, annual IRA contributions to this IRA, rather than opening a separate IRA account. However, any dollars you contribute to the SEP-IRA will reduce the amount you can contribute to other IRAs, including Roth IRAs, for the year.
Statistics: Posted by neurosphere — Sun Nov 23, 2025 12:52 am — Replies 4 — Views 388