With today’s
Posted by admin on October 5, 2008 in Finance :: Tax
economic troubles, I’ve been seriously considering starting my own side business just to help buffer the effects of the rising cost of everything. And as a side benefit, as costs soar, my 401k tumbles. Yes, I discovered the sep ira as a very attractive retirement savings vehicle for the small business owner. It will allow me to contribute up to $46,000 but to hit that limit, it have to make $184,000 through my “side” business. If I even approached that amount, you better believe my side business would be become my business, period.
