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what is the best tax savings strategy with max employer contributions, an SEP IRA or solo 401k?
what is the best tax savings strategy with max employer contributions, an SEP IRA or solo 401k? My revenue is over $1M. I could also hire my spouse and max out her retirement contributions, but I don’t know if paying payroll taxes outweighs the benefits of both of us maxing out retirement contributions ($70k). I don’t know if this company will continue this for more than 2 years (my contract is 2 years with potential for renewal), so a def...
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