As a self-employed individual, the "best" option for maximizing deductions really depends on your overall income from the business, as well as your involvement in any other businesses.
A SEP-IRA lets you contribute 20% of
A SEP-IRA does allow you to contribute more towards your retirement than a "normal" IRA. You can contribute up to 20% of your adjusted net income (from the business) or $52,000 whichever is less.
It is a good option...to
Weatherly's contact with the founders of BrightScope over the last 5 years has been nothing but ethical and dynamic. Their logical and linear way of bringing solutions to the marketplace is a breath of fresh air.
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice.
BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.