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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!

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