SEP and 403-b

Sure, but not for the same job. See IRS Pub 560 for SEP requirements.

Phil Marti VITA/TCE Volunteer Clarksburg, MD

I am pretty sure we have both where I work -- meaning that I have both for the same job.

I work for a small nonprofit tax exempt organization and the company has a SEP Plan and a "TDA" which I think is a 403b plan. The company makes all of the contributions into the SEP Plan, and employees like me can make tax deferred contributions to our own individual TDA/403b through a voluntary salary reduction agreement.

At least, I "think" that's what we have.