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Started By
Message
1
Posted on 5/22/20 at 1:51 pm to Fat Bastard
I guess it makes more sense to do traditional rather than roth contributions? Lower my taxable income?
Posted on 5/22/20 at 5:35 pm to TheWiz
Posted on 5/22/20 at 7:56 pm to TheWiz
SEP is probably best for this.
Posted on 5/22/20 at 10:42 pm to TheWiz
quote:
Looks like I could set this up fairly easily through Vanguard where our IRAs are. I'm a simple portfolio guy, so I will only have 2-3 funds in the plan.
Account service fees
We charge $20 a year for each Vanguard fund held in a Vanguard Individual 401(k) account. The fee may be waived in certain circumstances.
Account setup & maintenance
There's no fee to establish an account.
For one-participant plans, annual filing of Form 5500 is required once the plan's assets reach $250,000 at the end of your plan year or you terminate your plan. We'll provide you with information each year to help you complete the form.
I have an LLC and set up my i401(k) through Vanguard. Very easy actually and not expensive. I already had other Vanguard accounts too.
Posted on 5/22/20 at 10:45 pm to TheWiz
I set up my i401k with both traditional and Roth options. I contributed to both but the Roth is at a much lower amount.
Posted on 5/23/20 at 9:38 am to Radyr
Thanks for the replies all. I think I'll stick with the traditional and help reduce a little income. This will help me offset my k-1 investments if I have a good year on those.
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