sinc720d[at]bellsouth.net (sinc720d) wrote:

- quote -

You'll likely get more expert responses to this query from
others, but as a non-expert who's been in a similar
situation, I can tell you that you can easily put 20% of
your consulting business income into a simple Keogh plan
each year, without worrying about how you're set up legally.
TIAA-CREF would be a good choice for setting up such a
Keogh.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

I am starting a small consulting business on the side. I
also receive W-2 income from an employer. I have
contributed to their 401-K program this year.

Does anyone have any ideas on how I might be able to use the
income from the small business to do a self-directed
retirement account?

Does it matter if I operate as a sole proprietorship, an LLC
or a corpration?

Thanks for the advice!

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->