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Just to throw more into the mix - I love my SEP - you can contribute 15% of your wages(up to 160k) - which comes out to a limit of 24,000.

All the documentation I see says 15% of wages(up to 160k) or 30k - whichever is less. I don't know how anyone gets above 24k - since that's 15% of 160,000.

Anyone else know how this magical math works?

btw.. I'd swear I've seen it in IRS documentation too!

Helter.
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