I am 55.
I have about $110K of schedule C income. I max out my contributions to a solo 401(k). I max out my contributions to my 403(b) from my W-2 job.
I am wondering whether it is worth exploring the possibility of setting up a cash defined benefit plan. I am not sure how much I can save in taxes and how much I would be able to contribute.
All advice welcome before I get too far down this path.
I have about $110K of schedule C income. I max out my contributions to a solo 401(k). I max out my contributions to my 403(b) from my W-2 job.
I am wondering whether it is worth exploring the possibility of setting up a cash defined benefit plan. I am not sure how much I can save in taxes and how much I would be able to contribute.
All advice welcome before I get too far down this path.
Statistics: Posted by commerciallaw — Sun Oct 20, 2024 8:13 pm — Replies 2 — Views 145