Self-Employed Retirement Plans: Solo 401(k) versus SEP IRA (2012)
Posted on June 03, 2012 at 12:22 PM EDT
BY MATTHEW ILLIAN 2 COMMENTS David, a music producer, knows his business is beginning to hit its stride because he is now able to save more than the maximum IRA contribution of $5,000. As larger record contracts come in, he also must now pay quarterly estimated tax payments. “Uncle Sam is killing me” is a line [...]