Who's heard of, or utilized an "Exclusive K" which is a form of a Roth 401K for the self employed. I don't know much about it but on the bottom line it appears similar to a SEP IRA in terms of the percentage amount, either 20 or 25% of your AGI that you can put away. BOTH appear to be tax deferred accounts. I was trying to put more money into my self-employed retirement account besides my SEP but the Exclusive K doesn't appear to foot that bill.
Is my information correct or am I missing something in this? I consulted my CPA and he hadn't heard of an Exclusive K. I received the original information from my financial planner and I Googled it also.
Is my information correct or am I missing something in this? I consulted my CPA and he hadn't heard of an Exclusive K. I received the original information from my financial planner and I Googled it also.