Skip to main content
No. of Recommendations: 0
I've already posted this on the self-employed fools board, but not received a response yet :), so I thought I'd try you guys: I'm about to start my own corporation(I'll be the only employee), I understand that I can start a 401(k) and it can take 30k per year. Also, the personal contribution is a maximum of 10k. Right now, My FICA taxes are calculated using my total salary including the 10k, can my corporation fund the full 30k without me contributing at all - and are contributions by a corporation into a 401k done with before or after corporate income tax dollars?

Also, the same before/after tax question for company pension plans. And who do I talk to - any ideas for creating one of them.

My company will have between 250 and 300k revenue per year(if things go as expected) and I'll be the only person working for it - I'd like to avoid as much taxation as possible. For reference - I'm only 26 - gotta love software!
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.