The applicable IRS publication is Publication 560 (2006), Retirement Plans for Small Business. Possibilities include solo 401k plans (some providers allow a ROTH option), defined benefit plans, SEP IRAs, simple 401ks or simple IRAs.
IRAs are specifically dealt with in this publication: http://www.ris.gov/publications/p590/index.html
Some of the threads also talk about how to maximize your retirement plan contributions when you have multiple employers or have both a retirement plan through work and you also want to set up a retirement plan to shelter some of your self employment income. A separate fAQ will deal with spousal IRAs--putting aside pretax money for a non-working spouse.
Another Tax Question: IRA Contributions
http://www.early-retirement.org/foru...01k-29891.html
http://www.early-retirement.org/foru...01k-29867.html
http://www.early-retirement.org/foru...ide-29663.html
http://www.early-retirement.org/foru...ers-29616.html
S-Corporation Profit Sharing Plan
http://www.early-retirement.org/foru...ver-29064.html
Solo Roth 401k question
Self-Employed Retirement Savings Plans
http://www.early-retirement.org/foru...ent-28838.html
http://www.early-retirement.org/foru...orp-27836.html
Solo 401k Questions
http://www.early-retirement.org/foru...ira-26221.html
http://www.early-retirement.org/foru...01k-24754.html
Contract work - 401k?
http://www.early-retirement.org/foru...com-23726.html
Simple vs SEP IRA
http://www.early-retirement.org/foru...ers-23636.html
http://www.early-retirement.org/foru...yee-20477.html
http://www.early-retirement.org/foru...01k-19429.html
http://www.early-retirement.org/foru...yed-18873.html
Solo 401k
SEP-IRA
http://www.early-retirement.org/foru...yed-15422.html
Question about SEP-IRA contributions
http://www.early-retirement.org/foru...01k-29867.html
SEP-IRA Contribution
Self employed...employee contribution
http://www.early-retirement.org/foru...yed-18873.html
Tax Minimization
These two threads talk about how to coordinate contribution limits if you have more than one plan, such as multiple 401k plans, or a 401k and a 403b plan. Contributions do not have to be coordinated if the other plan is a 457 plan:
http://www.early-retirement.org/foru...ave-37671.html
http://www.early-retirement.org/foru...ons-37679.html
This thread talks more about coordination of contribution limits when you have more than one plan, especially if one is a SEP IRA. It goes further than the prior two threads and likely is more accurate: 403(b), 457, SEP IRA, Roth IRA.
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Do not rely on the information provided--my posts are not to be taken as legal advice. Needless to say you must consult with your legal representative. I am not responsible for errors. If I offended you with cya I apologize. If I did not, I tried.
Last edited by Martha; 09-09-2009 at 06:58 PM.
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