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Author: WilliamLipp Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Keogh Maximum Date: 8/6/1999 11:29 AM
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I have a Keogh plan with 15% profit share and 10% money purchase. Of course these are nominal numbers, so most years I put away 20% of [(Schedule C profit) minus (50% of SE Tax)]. It looks like 1998 may have been a very good year, though. The various forms are confusing, but it looks to me like the maximum Keogh contribution will be $30,000 (the lower of $30,000 and 20% of $160,000). Is this right?
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