If you want to save more or can't use a Simple, consider a SEP-IRA or a profit-sharing plan.
The solo 401(k) has some key advantages over a SEP-IRA. You can shelter more at lower earnings levels.
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If you've got a money-purchase plan, roll it into a profit-sharing plan or a SEP--contributions to both are totally discretionary each year.
Here goes: deductible IRA, nondeductible IRA, spousal IRA, inherited IRA, Sep-IRA, Roth IRA, 401(k), aftertax 401(k), Roth 401(k), Simple IRA and Simple 401(k).
See also: How Entrepreneurs Can Get Big Tax Breaks For Retirement Savings for details on SEP-IRAs, individual 401(k)s and defined benefit plans.
It even looks like you can see some confusion in the inventory data from April-10 to Sep-10, presumably related to the extension of the credit.
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SEP-IRA, for his band members, and began to pay into it.
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Have automatic payroll deductions (or deductions from your checking account) of at least 10% of your income made into a 401(k), 403(b), Roth, or traditional IRA, or self- employed retirement plan (SEP-IRA, SIMPLE IRA, solo 401(k)).
Similarly, a rollover from a pre-tax 401(k), 403(b) or 457(b) plan into a traditional IRA also qualifies, as well as a rollover from a SIMPLE IRA and SEP-IRA to a traditional IRA. Rules and restrictions apply, so keep reading.
But he now had extra income from moonlighting and wondered whether he should use it to fund a tax-deductible SEP-IRA (a special individual retirement account for the self-employed), or should pour his extra savings into the 529s.
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ALVISO, CA--(Marketwire - Sep 24, 2012) - TiVo Inc. (NASDAQ: TIVO) announced today that it has settled its pending patent litigation with Verizon Communications Inc. and that the companies have entered into a mutual patent licensing arrangement.
Some of the most popular festivals are the Edinburgh International Festival (13 Aug-5 Sep), the Edinburgh Festival Fringe (6-30 Aug) and the PHB's Free Fringe 2010 (8-29 Aug).
The Kavkaz 2012 war games in which land and air forces, border guards and the Black Sea Fleet are participating are scheduled for Sep. 17-23, the week before Georgia's elections.
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Unemployment in Spain is over 25% with youth unemployment over 50%, whilst in Scotland unemployment over the latest period (Jul-Sep) was 8.1% with a youth unemployment rate of 23.5%.
However, non-SEP patents do not have to be licensed.
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An interesting new book by Marcia Conner and Tony Bingham, The New Social Learning (Berrett-Koehler Publishers, Sep 2010) covers this topic very well.
But if you do have employees, the SEP has disadvantages: More part-timers must be covered and there's less flexibility to design the plan to suit your needs.
The two bodies have taken the unusual step of releasing a joint policy statement on standards-essential patents (SEP) as their use in smartphone and tablet court cases, usually to shoo away Apple, has increased.
Both Solo 401k accounts and Simplified Employee Pension (SEP) accounts are potential options for self-employed individuals.
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Below is a long-term dividend history chart for SEP, which can be of good help in judging whether the most recent dividend with approx. 5.3% annualized yield is likely to continue.
If you do not participate in an employer-sponsored plan, such as an SEP IRA, SIMPLE IRA or qualified plan, contributions to your Traditional IRA may be tax deductible.
The key difference, however, is that you can add a 401(k) allowing employee contributions to a profit-sharing plan, but not to a SEP.
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