I found an article (https://www.fool.com/retirement/2017/06/30/ask-a-fool-im-self-employed-how-should-i-save-for.aspx) that states: "a self-employed individual can contribute up to $25,000 or 100% of compensation, whichever is lower"
I was under the understanding that the max contribution was 12.5k plus 3% of salary. Is that not accurate? That would make the SIMPLE a bit more appealing then a 401k or SEP next year...
I was under the understanding that the max contribution was 12.5k plus 3% of salary. Is that not accurate? That would make the SIMPLE a bit more appealing then a 401k or SEP next year...
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