New job is giving 20% income to profit sharing in form of “for benefit of” plan. I set up my own with who ever; fidelity etc.
I will eventually become partner and the group will be owned by about 7-10 of us.
Why not do a sep-Ira as opposed to FBO plan.
FBO is a little more flexible than step-Ira I believe.
Would love to here people's thoughts.
What are the benefits to FBO profit sharing vs sep-Ira?
I'm trying to read about it but can't figure out why choose one over the other
Thanks
I will eventually become partner and the group will be owned by about 7-10 of us.
Why not do a sep-Ira as opposed to FBO plan.
FBO is a little more flexible than step-Ira I believe.
Would love to here people's thoughts.
What are the benefits to FBO profit sharing vs sep-Ira?
I'm trying to read about it but can't figure out why choose one over the other
Thanks
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