Name:

Bill Smith

 

 

Occupation:

Lawyer

 

 

Earnings:

$167,000

 

 

Age:

48

 

 

Business Type:

Sole Proprietor

 

 

Bill wants to contribute the maximum allowable to his retirement plan.

Plan Type

Maximum Contribution

SEP

$31,862.79

SIMPLE IRA

$13,640.21

Profit Sharing Plan

$31,862.79

One Man 401(k)

$41,000.00