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Pension Plan
Old 11-16-2009, 10:12 PM   #1
Dryer sheet wannabe
Join Date: Oct 2008
Posts: 20
Pension Plan

Hi! Just looking for a little advice. I am 29 y/o and do a fair amount of independent contracting. I have maxed out an individual 401k as well as a 457b. i still have a lot of cash i'd like to defer taxes on. I was thinking about setting up my own pension. Any one know what the process is like? Is it worth it given my age? How do I calculate how much I need to contribute to receive say $150,000/year? Any resources I should read (scoured the net but can't find anthing). Thanks so much!
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