Publication 560 is a great resource. You have two other options available, both are simpler to understand and manage: SEP, SIMPLE.The SEP is similar to a Keogh in that it is an employer funded benefit, which allows you to contribute 15% or $30,000.The SIMPLE is an employee funded program that allows you to contribute:$6000 as an employee (no % requirement)and as an employerFull match (to a max of $6000 or 3% of compensation), orset contribution of 2% of compensation (to a max of $6000).If you are self employed and have no employees. The SIMPLE plan is great especially if your self employment income is not very large (<$50,000).jbw
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