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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..... |
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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