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One more thing: You can contribute an additional 0 if you will be 50 or older at year-end.
don’t have a retirement plan, which means too many people avoid taking steps to secure their future.
It literally takes only minutes to get one started--usually with no charge--with a bank, brokerage firm or insurance company.
No annual government reports are required, and ongoing administrative expenses are nil.
With both Keogh profit-sharing and pension plans as well as 410(k) plans, employees cause lots of complications.
The tax guidelines may require you to pay in money on their behalf while limiting contributions for yourself.