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Old 10-02-2017, 11:33 PM
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Retirement plan options for Small business (C corp) with 2 employees & for owner who also gets a 1099 from independent comsulting

Small Business owner (100% ownership) of a small business with 2 FT employees. Owner also gets consulting income from a side gig on a 1099.

Retirement plan options are -

1. SIMPLE(too late for 2016 tax year?) or SEP IRA for company and employees

2. Solo 401(K) for the 1099 income. Or does this need to be another SEP IRA?

What are the contribution limits or pitfalls for such an arrangement? Can this be done even?

thank you!



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