I recently accepted an early retirement package from Uncle Sam and am now employed by a small company that does not offer a retirement program. I received $25,000 from Uncle Sam to help compensate for the reduced retirement annuity I am receiving. I can contribute $2,000 to a regular IRA but how can I protect a larger portion of $25,000 from income taxes?Do I need to convince my new employer to open a SEP or SIMPLE IRA??Thanks ahead.
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