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New Member
posted Jul 18, 2024 12:08:33 PM

SEP

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. 

0 2 20530
2 Replies
Level 15
Jul 18, 2024 4:34:36 PM

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

Level 15
Jul 18, 2024 6:31:28 PM