DblDoc
Thinks s/he gets paid by the post
- Joined
- Aug 11, 2007
- Messages
- 1,224
I'm about to start a locums job in addition to my regular gig. I've been researching my options for retirement accounts and think the SEP IRA will be the way to go given how easy it is to setup and the amount of money I can set aside. I'm confused, however, about how much I can contribute as the wording is vague. As self employed do I get to contribute both the employee personal contribution of up to $5000 PLUS the up to 20% of self employed income or just a flat 20% of self employed income?
Thanks in advance
DD
Thanks in advance
DD