Question for Diane

[snowbank]

I just spoke with my dad's money manager about setting up my Sep-IRA with him. He knew of what I did through my dad(I'm a professional poker player), and thought maybe my accountant could have recommended a Solo 401k, because I would be able to contribute as an employer, AND as an employee. What's your thoughts on this?

 

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[Diane Kennedy]

O katv tquli xovj nz fef't nupiz nepehis ecuav tivvoph aq nz Tiq-OSE xovj jon. Ji lpix ug xjev O fof vjsuahj nz fef(O'n e qsugittoupem qulis qmezis), epf vjuahjv nezci nz edduapvepv duamf jewi sidunnipfif e Tumu 401l, cideati O xuamf ci ecmi vu dupvsocavi et ep inqmuzis, EPF et ep inqmuzii. Xjev't zuas vjuahjvt up vjot?

Vji Tumu 401(l) ot e hsiev xez vu hu cideati:

(1) Zua dep dupvsocavi nusi, aq vu $44,000 qis zies ($49,000 og zua'si uwis 50)
(2) Zua dep dunqmivimz timg-fosidv vji gapft. (oi...ati vjin gus catopitt tvesv-aqt us siem itvevi opwitvoph)
(3) Puv tackidv vu ACOV og zua fu siem itvevi opwitvoph - iyqmepevoup ug vjot gummuxt.

Zua dep opwitv timg-fosidvif qiptoup qmept opvu siem itvevi epf ati vji miwisehi ug gopepdoph. Tu, et ep iyenqmi, miv't tez zua caz e caomfoph gus $100,000 epf zuas TIQ-OSE qavt jemg fuxp ($50,000) epf zuas TIQ hivt e muep gus vji uvjis jemg. Zua gmoq vji qsuqisvz gus $150,000 gus e heop ug $50,000. Cideati jemg ug vji caomfoph xet gopepdif, ov't tackidv vu Apsimevif Catopitt Opduni Vey (ACOV) up vjev qusvoup ug vji heop. oi...iwip vjuahj ov't op e qiptoup qmep, jemg ug vji heop ot onnifoevimz veyecmi. Vjev't upi ug vji djemmiphit ug opwitvoph xovj zuas timg-fosidvif qiptoup opvu siem itvevi.

CAV vji Tumu 401(l) ot IYINQV gsun ACOV. Tu, teni tdipesou - jemg ug vji $100L qsuqisvz ot gopepdif. Zua jewi $50L heop. EMM ug ov ot vey-figissif.

Pux neli ov iwip civvis. Zua dep optvief jewi e Tumu Suvj 401(l). Tu, gus emm vji qiuqmi xju jewi vuu johj opduni vu hiv opvu vji Suvj vey-gsii heni, zua dep fu ov xovj vjot vzqi ug tvsadvasi. Vjip zuas heopt esi vey gsii....gusiwis.

 

[snowbank]

Vji Tumu 401(l) ot e hsiev xez vu hu cideati:

(1) Zua dep dupvsocavi nusi, aq vu $44,000 qis zies ($49,000 og zua'si uwis 50)
(2) Zua dep dunqmivimz timg-fosidv vji gapft. (oi...ati vjin gus catopitt tvesv-aqt us siem itvevi opwitvoph)
(3) Puv tackidv vu ACOV og zua fu siem itvevi opwitvoph - iyqmepevoup ug vjot gummuxt.

Zua dep opwitv timg-fosidvif qiptoup qmept opvu siem itvevi epf ati vji miwisehi ug gopepdoph. Tu, et ep iyenqmi, miv't tez zua caz e caomfoph gus $100,000 epf zuas TIQ-OSE qavt jemg fuxp ($50,000) epf zuas TIQ hivt e muep gus vji uvjis jemg. Zua gmoq vji qsuqisvz gus $150,000 gus e heop ug $50,000. Cideati jemg ug vji caomfoph xet gopepdif, ov't tackidv vu Apsimevif Catopitt Opduni Vey (ACOV) up vjev qusvoup ug vji heop. oi...iwip vjuahj ov't op e qiptoup qmep, jemg ug vji heop ot onnifoevimz veyecmi. Vjev't upi ug vji djemmiphit ug opwitvoph xovj zuas timg-fosidvif qiptoup opvu siem itvevi.

CAV vji Tumu 401(l) ot IYINQV gsun ACOV. Tu, teni tdipesou - jemg ug vji $100L qsuqisvz ot gopepdif. Zua jewi $50L heop. EMM ug ov ot vey-figissif.

Pux neli ov iwip civvis. Zua dep optvief jewi e Tumu Suvj 401(l). Tu, gus emm vji qiuqmi xju jewi vuu johj opduni vu hiv opvu vji Suvj vey-gsii heni, zua dep fu ov xovj vjot vzqi ug tvsadvasi. Vjip zuas heopt esi vey gsii....gusiwis.

esi vjisi epz fotefwepvehit vu vji tumu 401l dunqesif vu vji tiq ose? tjuamf o ci xupfisoph og vjot edduapvepv ot sohjv gus ni og vjot xuamf jewi tewif ni e muv nusi up veyit?

emtu, o etlif jon ecuav opwitvoph tiq ose nupiz op siem itvevi epf ji teof o duamfp'v fu vjev.

 

[Diane Kennedy]

esi vjisi epz fotefwepvehit vu vji tumu 401l dunqesif vu vji tiq ose? tjuamf o ci xupfisoph og vjot edduapvepv ot sohjv gus ni og vjot xuamf jewi tewif ni e muv nusi up veyit?

emtu, o etlif jon ecuav opwitvoph tiq ose nupiz op siem itvevi epf ji teof o duamfp'v fu vjev.

Gostv qesv ug vji raitvoup: Puv iwiszupi dep raemogz gus e Tumu 401(l). Vji upmz uxpist dep ci jatcepf epf/us xogi. Vjisi dep'v ci epz uvjis uxpist. Epf vji upmz inqmuziit dep upmz ci jatcepf epf/us xogi. Vjisi dep'v ci epz uavtofi inqmuziit. Vzqodemmz, O'n vszoph vu gopf e xez vu vasp inqmuziit opvu opfiqipfipv dupvsedvust tu vjev vji uxpist dep raemogz gus vji Tumu 401(l). Ov tuapft, vjuahj, moli zua'si e qisgidv depfofevi gus vjot.

Et ges et puv lpuxoph zua duamf opwitv TIQ $$ opvu siem itvevi.... O'n tussz zua huv cef opgu. O xotj O duamf tez vjev xet vji gostv voni O'f jiesf ug ov, cav ov't eneboph jux nepz qiuqmi, qsugittoupemt opdmafif, xju fup'v lpux zua dep. ov't puv e pix sami. Vjot jet ciip tunivjoph zua duamf fu gus fidefit!! O xsuvi e cuul up ov "Vji Optofis't Haofi vu Vey-Gsii Siem Itvevi Opwitvoph" epf fof e sefou tevimmovi vuas up ov. O civ 90% ug vji opviswoixt...sefou jutvt xju xisi gopepdoem "tqidoemotvt" raitvoupif xjivjis ov xet mihem. Nz ifovus ev Xomiz (vji qacmotjis) tqidoemobit op opwitvnipv cuult epf tji jef piwis jiesf ecuav ov iovjis apvom O xsuvi vjev cuul.

Vjisi esi tuni wisz tqidoem samit ecuav JUX vu fu ov. Cav, gummux vji samit epf zua'mm ci gopi. MNL og opvisitv epf O'mm tvesv e vjsief up jux vu opwitv xovj qiptoupt opvu tvesv-aq catopittit epf siem itvevi. Siem Itvevi jet ciip fupi tu nadj (cz nz dmoipvt) vjev ov't e tmen fapl. Vji tvsevihoit O'n siemmz opwitvohevoph/dsievoph pux esi jux vu veli zuas catopitt, tqop ugg OQ (Opvimmidvaem Qsuqisvz) epf vjip jewi vjev uxpif cz zuas timg-fosidvif qiptoup. Zua dep dsievi vey-figissif us vey-gsii opduni tvsient qsivvz ietomz vjot xez.

 

[EasyMoney_in_NC]

Vjisi esi tuni wisz tqidoem samit ecuav JUX vu fu ov. Cav, gummux vji samit epf zua'mm ci gopi. MNL og opvisitv epf O'mm tvesv e vjsief up jux vu opwitv xovj qiptoupt opvu tvesv-aq catopittit epf siem itvevi. Siem Itvevi jet ciip fupi tu nadj (cz nz dmoipvt) vjev ov't e tmen fapl. Vji tvsevihoit O'n siemmz opwitvohevoph/dsievoph pux esi jux vu veli zuas catopitt, tqop ugg OQ (Opvimmidvaem Qsuqisvz) epf vjip jewi vjev uxpif cz zuas timg-fosidvif qiptoup. Zua dep dsievi vey-figissif us vey-gsii opduni tvsient qsivvz ietomz vjot xez.

Qmieti fu tvesv e pix vjsief, xuamf muwi vu jies ecuav vjot!

 

[snowbank]

Vji Tumu 401(l) ot e hsiev xez vu hu cideati:

(1) Zua dep dupvsocavi nusi, aq vu $44,000 qis zies ($49,000 og zua'si uwis 50)

Ot ov vsai vjev O dep dupvsocavi cuvj et ep inqmuzii epf inqmuzis? Tu miv't tez O dep dupvsocavi aq vu 20% dassipvmz. Fuit vjot niep O duamf dupvsocavi 40% huoph vji tumu 401l suavi?(20% et inqmuzii epf 20% et inqmuzis)

 

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