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Gina's Tax Tips
(1)
Solo 401(k)

Mark writes: I have a side business with no employees. My understanding of the solo 401k is that you can contribute 15k initially and then 25% of your income. My side business nets 12k-15k. Would I...

Started in Gina's Tax Tips • 1 year ago • 0 responses
Tags: individual taxes, retirement, sep, solo 401(k)

Gina's Tax Tips
(1)
SEP - IRA

Rich asks:I’m thinking about opening a SEP-IRA this year. I believe the contribution limit is 25% of profits up to $44,000. If I have two different sole proprietorships, would I have to open...

Started in Gina's Tax Tips • 3 years ago • 0 responses
Tags: individual taxes, ira, retirement, sep, sep ira

Gina's Tax Tips
(1)
Retirement Plans

Charlie asks:I have been contributing to a Roth IRA to the max amount and a little bit to a 401k. My employer also runs a profit sharing type plan that they contribute to. Now, the question is, am I...

Started in Gina's Tax Tips • 3 years ago • 0 responses
Tags: individual taxes, retirement plan, sep, roth ira, sep ira
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