No. of Recommendations: 0
To clarify matters, your boss is simply confused or does not want to fund a retirement plan.

This could easily be the case. My impression was that he was going to reduce our hourly rate and use the difference between our current rate and the "new" hourly rate to fund the SEP. So, technically the contribution would be coming from him but it was really our money. And this would explain the necessity to have all employees agree.

Given the uncertainty of the contract job and my confusion, I think I may stay with funding a TIRA for DW and me and then plunking the rest in a taxable account.

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