Man Chapter One
29
Apr/090
Apr/090
Man Chapter One
I am a one man band(no employees), sub chapter S corp. I would like to only take around 13000 per year as pay
and put the rest of my income in a retirement fund. Is it possible and do I do it through a 401K, pension, keogh or combination. I usually have around 40000 per year as income, it can vary. Thanks.
pension or 401k plans are expensive to set up and maintain - if you are under 50 yrs old - you are limited to 15,500 per year into a 401k, it goes up t 20,500 if you are 50 or older. talk to a CPA or investment specialist to find out your options
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