How much do you contribute to your SEP plan yearly?

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  • Worried
    Confirmed User
    • Apr 2007
    • 149

    #1

    How much do you contribute to your SEP plan yearly?

    How much do you put in? According to this http://partners.leadfusion.com/tools...ngs02/tool.fcs

    If you start of with 6k and put in 20k annually with an average interest rate of
    approx 10% after 37 years, you would only have around 1.5 mil after federal, state taxes and 3 percent inflation... Doesn't sound so good.....
  • MikeSmoke
    Confirmed User
    • Nov 2002
    • 3241

    #2
    put in the max - i think it's somewhere around $45K this year...
    or look into solo 401K plans, you can squeeze an extra 5K over the sep-ira amount into that.

    icq: 541-739-92

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