A Proven Investment Strategy

jmrigtrup's picture

A Proven Investment Strategy

 

Contribution to Both a SEP IRA and Solo 401k

kgppfs's picture

I own a business as a proprietor and have had a SEP for several years. Recently I opened a Solo 401k as well. It is only me in the business. Is it ok for me to contribute to both during the year? How do I calculate the contribution limits for one or both of them?

Start Saving This New Year

hmfmoderator's picture

You’ve made your resolutions-

Exercise regularly. Eat right. Fill in the blank…

If you jotted down, “Get out of debt”, “Earn more money”, or “Save more” … then you may be serious about improving your financial situation.

But like most well-intentioned Americans, you are likely wondering where to start.

First, examine the goal.

Is the goal SMART? You know…Specific? Measurable? Attainable? Realistic? Timely?

Start with your goal to save money.

How much money can you save per paycheck? If you aren’t sure, then let the bank do the work for you.

Top Contributors

Earn Points for Speaking Up!

Join the conversation, earn points and become a top contributor! Get started by registering and logging in. Next, create your profile and add your picture.

Tell us what’s on your financial mind or comment on a recent blog. Earn points by inviting a friend and more points if they join the conversation.

Latest Status Updates

zandji

Does anyone knnow anything about paying for a home in cash?

1 week ago
marie » site-developer

how does this chat work

1 week ago
marie » site-developer

do u know anything about taxes

1 week ago
mjnunziato@yahoo.com

Are there any articles on comparing a tax deferred annuity to a regular taxable investment like a CD?

2 weeks ago
chmaness

Having trouble recreating the income on Roth and Traditiona IRA with non-deductible portions using converstion calculator

3 weeks ago
terrywatson1970

I'm making smarter chocies in 2010

3 weeks ago

Follow us on:

Who's online

There is currently 1 user and 1 guest online.

Online users

Conversations