I'm new to this board, but I have a question. I was under the assumption that the self-employed could place either $30K or 15% (whichever is lower) of your pre-tax income into a pension plan and receive a substatial tax deferred credit from such investment. Several years ago, our office had an "age waited" pension plan where-by we did such a thing. This has been changed into some sort of 401K plan that doesn't allow a "lump sum investment" of this magnitude. Is there such an instrument that will lower my taxable income, allow me to dump $30K into it, allow a "roll over" of the present 401K plan and can it be done before April 17?Quite a mouthful, but does anyone know of such an instrument?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra