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I'm confused about Sep IRA and 401K contribution plans. I've
I'm confused about Sep IRA and 401K contribution plans.I've been sole proprietor, Schedule C for many years ago and approximately 10 years ago I opened a Sep IRA account with brokerage "A". In Decembe… read more
JeffS6413
JeffS6413
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Master's Degree
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I'd like to put more into a retirement account than the
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JeffS6413
JeffS6413
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My question is related to 401k, SEP IRA and "" Roth IRA. At
My question is related to 401k, SEP IRA and "backdoor" Roth IRA. At this time I am self-employed and my s-corp is in TX. I live in GA. My My questions are below: 1. My total Income (my income + my wif… read more
Mark Taylor
Mark Taylor
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Lane, We've discussed this before some but I'm still kind of
Hi Lane,We've discussed this before some but I'm still kind of confused, if you're available for a chat that would be preferable. Questions about KPERS, 457, plus solo 401k with roth contributions. Th… read more
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Lane
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Doctoral Degree
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I want to set up a retirement account and need help figuring
I want to set up a retirement account and need help figuring out which one is best for me. I'm self employed and want to have control over my account. I'd be investing mainly in index funds. I'm 32 ye… read more
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Trying to figure out my maximum retirement contribution for
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Lev
Lev
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Bachelor's Degree Equivalent
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My husband has a lot of side job this year. he has already
Hello, my husband has a lot of side job this year. he has already purchased a laptop and smaller items he needs for the job. what can we do to lower tax this year? … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
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A client was self-employed in 2016. He made a contribution
A client was self-employed in 2016. He made a contribution to his SEP.He switched jobs and is an employee for 2017. He wishes to make a contribution to the same SEP plan for 2017. I am uncertain if he… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
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I have a question for my wife. We took a loan out of her
I have a question for my wife. We took a loan out of her 401K for 100K to pay for a downpayment on a house, and we moved in last week. She now has the opportunity to change jobs and the situation is t… read more
Mark Taylor
Mark Taylor
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I was formerly self employed and set up a SEP IRA. Since
I was formerly self employed and set up a SEP IRA. Since 2013, the SEP IRA has been stagnant because I became a state employee with a state employee pension fund. Soon I will be quitting, and becoming… read more
Barbara
Barbara
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May I ask a question about retirement accounts for a S Corp?
May I ask a question about retirement accounts for a S Corp? If -- 1. I'm the only owner of a S-corp. 2. I've been having a SEP account for myself for couple of years. 3. I plan to open an IRA to cove… read more
Bill
Bill
Master's Degree
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Would it be better nurse anesthetist to do side work as an
Would it be better for a nurse anesthetist to do side work as an LLC or an S-Corp assuming that their primary job is over the social security wage base?… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
25,749 satisfied customers
Thanks Lane. I really appreciate it on the last question.
Thanks Lane. I really appreciate it on the last question. One last thing on the 401k with the pension plan. Lets say the pension plan is in a business along with the 401k being a company plan. With bo… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
25,749 satisfied customers
Lane and I hope all is well. I'm not sure what happened
Hi Lane and I hope all is well. I'm not sure what happened on Saturday but I ordered a phone call, paid $39 and never heard anything back from JustAnswer on how to proceed. We got everything figured o… read more
Lane
Lane
JD, CFP, MBA, CRPS
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What is the limitation for a SEP contribution for a couple,
What is the limitation for a SEP contribution for a couple, MFJ, who both have employer provided retirement accounts?… read more
Megan C
Megan C
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Dear CPA, I have 3 ice cream stores under separate S corporations
Dear CPA, I have 3 ice cream stores under separate S corporations in California. I get $2k monthly from each store/s corp. 1). How much can I contribute by opening an SEP IRA account? I am planning to… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
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MyVirtualCPA please answer my question, My ultimate goal
MyVirtualCPA please answer my question, My ultimate goal is to save more than regular 401K plan, reduce business tax liability and save more for retirement as a business owner. I work as in independen… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,225 satisfied customers
Hello: I run my own business in California -- as of this
Hello: I run my own business in California -- as of this year, an LLC taxed as an S-Corp. I am the only member and employee. I take a reasonable salary and take the rest of what my business makes in d… read more
Lane
Lane
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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