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Subject:  Re: Help me Pleeease!! Date:  2/18/2000  9:36 PM
Author:  mphipps Number:  19250 of 106116

Well you have an additional problem with taxes that normal lazy, NOn Self employee, people don't have.
Taxes, specifically the Self employment tax.
You can't reduce your Self employment tax via an Retirement account unless you incorporate. Which unless you are revenue from SE of over 150K and revenue over 100K a year its not cost effective.
So given that IMO here is the optimal solution

Set up SEP IRA you can invest up to 15% of your new revenue, (netincome from Schedule C.). ###Note### because of the Way Self Employment tax works you really only get to invest 13.5something%.
But that will reduce your taxable income.
If you enough cash after that then you might want to go with Roth.
YOu have to look for tax reduction first it you are SE, because of SE Tax and cash flow.
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