The Cellar - View Single Post - We haven't talked about goals in a long time

lookout123 · 04-21-2008, 10:56 PM

SEP allows 25% of cash flow with a ceiling of $41K (not counting catchups)

SIMPLE allows contributions and profit sharing feature

Owner/Uni 401K's allow $41K+ with some hitting $50K +

A traditional 401K allows you to put $15K + catchups in with pretax dollars. Many plans allow post tax dollars but you are talking about an accounting minefield. Quite often people who have after tax money in pretax plans end up double taxed so beware.

There are many many possible variations on 401K/IRA/Roth plans.

04-21-2008, 10:56 PM	#55
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	SEP allows 25% of cash flow with a ceiling of $41K (not counting catchups) SIMPLE allows contributions and profit sharing feature Owner/Uni 401K's allow $41K+ with some hitting $50K + A traditional 401K allows you to put $15K + catchups in with pretax dollars. Many plans allow post tax dollars but you are talking about an accounting minefield. Quite often people who have after tax money in pretax plans end up double taxed so beware. There are many many possible variations on 401K/IRA/Roth plans. __________________ Getting knocked down is no sin, it's not getting back up that's the sin