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July 18, 2024
Question

SEP

  • July 18, 2024
  • 1 reply
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My husband and I would like to consider a SEP for retirement. I am going to make him an employee of my small business. I'm wondering, the contributions I make to the SEP. Do they grow individually or as a larger pool of the total contributions? We want to maximize our mutual dollars so that we can benefit from compounding interest from a larger contribution. 

1 reply

Employee
July 18, 2024

Read this IRS publication to decide whether it would be better for your husband to be a partner rather than an employee.

Employee
July 19, 2024