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Author: jkrou Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Going from self-employment to employment Date: 9/10/2000 11:52 AM
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thrifygirl:

The max for the SEP would be the same percentage of his wages for the period he was self-employed. In other words, if the percentage was 15% and he had $25k then he could put in $3750.

Regarding the SIMPLE, does this company have an immediate plan? If this is the case, he is eligible to put in the maximum of $6,000 if he will make $6k in wages from this new employer.

So the deal is, different employers and different retirement vehicles where each is dependent upon its own retirement account and its associated earned wages.

Jenn
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