Its time to put away for retirement again and i always use a SEP after i max out my ROTH
if your a small 1 man business like me this is the best thing for you. It dramatically lowers your taxes
ill talk money here because its the only way to show how well it works for me
i am putting $20,000 in a SEP this year. it will lower my taxes by $7,500!!!!!
so in reality im only putting $12,500 out of my pocket, but im getting a $20,000 value
just thought id post it in case anyone else is in my situation of paying too much in taxes.
if you have employees it doesnt work the same...you have to cut the employees in on it
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