Re: SEP plan for side business?

Will Trice <wtrice@[EMAIL PROTECTED]
> writes:

> Rich Carreiro wrote:
> 
> >>>Your 401(k) contributions as an employee have no effect
> >>>on SEP contributions.
> 
> So does that then open up interesting possibilities for the
> self-employed?  For example, maybe I have one business that's
> insurance planning and another that's investment advice.  For one I
> treat myself as an employee and contribute to a solo-401(k), for the
> other I open a SEP.  Does this work?

It works, but I believe there's an integrated limit across all
your business ventures.  The total "employer" contribution to
all your solo 401(k)s/SEPs can't be more than around $46,000
(I don't remember the exact 2008 number).

--
Rich Carreiro                            rlc-news@[EMAIL PROTECTED]
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