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I am 66 years old and self employed. My income this year
I am 66 years old and self employed. My income this year before taxes will be approx. 105K, how much can I put into a IRA … read more
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Is this the only way? I just applied for a Sigle member
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I currently have a SEP IRA & Traditional IRA and I'm
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Chad EA, CDFA®, CFP®
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My daughter makes over 200K /yr and I've sugested a SEP IRA
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2016 retirement contributions Husband gross W-2 $190k,
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I have a high income W-2 where I typically max out my 401k
I have a high income W-2 where I typically max out my 401k contribution. This year I'm starting a consulting business on a 1099. Can I setup a Solo 401k in addition to my W-2 401k? If so, can I contri… read more
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I own and am the only employee of an s-corp. Is there a way
I own and am the only employee of an s-corp. Is there a way that would benefit my bot***** *****ne more financially if I set something up through the company or am I ok just doing something tax-free o… read more
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How can I maximize tax savings for 2013 . Husband pays into
How can I maximize tax savings for 2013 . Husband pays into 401K I don't qualify for 401 K so I will contribute to Traditional IRA account for the year . What else can we do to lower tax liability at … read more
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I retired from federal government employment this year. I had
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As a self-employed individual who gets paid in 1099s as well
As a self-employed individual who gets paid in 1099s as well as W2s, I'm trying to figure out what retirement plans are best for me when some years I get a lot of 1099 income and some years not much a… read more
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I own a small business where Im the sole employee drawing a
I own a small business where Im the sole employee drawing a salary and filing as an S CORP. What type IRA can I set up through my company to enable me to save money while gaining a deduction off my ne… read more
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I am looking at opening an individual 401K for my sole proprietorship.
I am looking at opening an individual 401K for my sole proprietorship. I did employ one person this year for a total of about 110 hours. Does this disqualify me from opening this type of account?… read more
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I am the 100% owner of a sub s corporation that has a SEP IRA
I am the 100% owner of a sub s corporation that has a SEP IRA and a SEP 401K. What is the maximum I can contribute. I am also over 50.… read more
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Hi. Im self-employed, 43, and trying to figure out the best
Hi. I'm self-employed, 43, and trying to figure out the best way to both fund a retirement account and save on taxes. I have a SEP, but i'd like to put away a bit more than the maximum amount that all… read more
Lev
Lev
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Assume a person has a 401k at work and makes the maximum elective
Assume a person has a 401k at work and makes the maximum elective contribution of 16,500. Assume the person also runs their own business and sets up a SEP IRA for themselves. When calculating the maxi… read more
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Combining contributions to multiple retirement plans
This is actually a very similar question to another question here http://www.justanswer.com/JA/ASP_A/T_835866/TR/solo-401k.htm Hopefully, I'm just double-checking my understanding of the tax implicati… read more
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