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-   -   How much do you contribute to your SEP plan yearly? (https://gfy.com/showthread.php?t=725910)

Worried 04-19-2007 04:03 PM

How much do you contribute to your SEP plan yearly?
 
How much do you put in? According to this http://partners.leadfusion.com/tools...ngs02/tool.fcs

If you start of with 6k and put in 20k annually with an average interest rate of
approx 10% after 37 years, you would only have around 1.5 mil after federal, state taxes and 3 percent inflation... Doesn't sound so good.....

MikeSmoke 04-20-2007 02:32 AM

put in the max - i think it's somewhere around $45K this year...
or look into solo 401K plans, you can squeeze an extra 5K over the sep-ira amount into that.


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