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9:29 pm
July 18, 2011
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Buck Inspire
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Hey guys,
Anyone know of good articles to read up on self employed retirement plans? Wanted to help a buddy out.
Thanks!
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7:20 am
July 19, 2011
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NoDebtMBA
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The IRS information is pretty good:
http://www.irs.gov/pub/irs-pdf/p560.pdf
I went through this process a couple years ago and opted for a solo 401k since it allowed me to defer the most income. Other options would include a SEP or SIMPLE IRA which are a little easier to set up. I needed an EIN as a sole proprietor to set up the Solo 401k but the whole process took maybe 5hrs with Fidelity.
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8:01 am
July 19, 2011
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Buck Inspire
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Thanks! I'll check out the PDF. I have a pretty good handle on my retirement options. But since I don't have my own biz, it's like another world. Getting a little overwhelmed with Solo 401k, SEP, Simple, Keough.  Thanks for the help!
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2:31 pm
July 19, 2011
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Frugal Student
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Post edited 2:35 pm – July 19, 2011 by Frugal Student
Also keep in mind, if you deposit enough in a pre-tax account it may make you eligible for a Roth IRA, if you were not eligible prior.
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5:57 am
July 20, 2011
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Glen Craig
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Jeff from Good Financial Cents did a guest article for me on the subject:
http://freefrombroke.com/2011/…..owner.html
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11:27 am
July 21, 2011
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Hunter @financiallyc
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I think your article was a good starting point, and I have to agree that the IRS is a phenomenal resource for the latest rules on these plans. The trick is to know which plan to search for in the first place, there are lots of options.
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9:50 pm
July 30, 2011
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Jeff Rose
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Feel free to ask me if you got any questions. I set up a SEP IRA for me but may move to a Solo 401k next year. I've also helped clients set up Simple IRA's and traditional 401k's. It's not a big piece of my business, but I know enough to be dangerous. 
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10:43 pm
July 31, 2011
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Buy Like Buffett
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I like some of the investopedia content on the topic.
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