No. of Recommendations: 0
This sounds good, so now I have a question...

I'm in the process of setting up a family limited partnership. Does this mean that I could pay both my husband and myself $5,000 the first year of the partnership. Then create a SIMPLE plan and the following year pay us $6,000 each and put the whole $6,000 into the retirement account with NO TAXES having to be paid on this? Not even FICA?

This sounds great!

Thanks,
e
Print the post  

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement