zorloc wrote:"KEOGH: A Keogh will allow you to contribute more money than a SIMPLE if you NET more than $27,273. Under a Keogh you can contribute through 2 parts: A money purchase plan, and a profit sharing plan. With both parts you can contribute as an employer up to 25% of your income to a maximum of $30,000. Keoghs are a bit harder to setup, require more organization, and frequently involve higher fees than the other types of plans."hi zorloc,i found your post to be very helpful. i have an additional question reguarding KEOGHs, more specifically the the Profit Sharing plan. i have recently incorporated as an 's-corp',with just myself as an employee, and need to know whether the maximum contribution that is allowed is relative to what i pay myself or what the company takes in for the year.thanks in advance,vlad
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M