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16500
$16,500
$16,000 A+
This ammount varries from person to person and from year to year. For both 2009 and 2010 the maximum a person can contribute to their 401 K plan(s) is either the maximum allowed contribution set by your employer, or $16,500, whichever of these is the lower ammount.
49000
16500
16500
16500
$16,500
$16,000 A+
Individual 401(k) Contribution Comparison Self-employed individuals and businesses employing only the owner, partners and spouses have several options for tax-advantaged savings: an Individual 401(k) plan, a SEP IRA, a SIMPLE IRA, or a Profit Sharing plan. Each option has distinct features and amounts that can be contributed to the plan each year. Use the Individual 401(k) Contribution Comparison to estimate the potential contribution that can be made to an Individual 401(k) compared to Profit Sharing, SIMPLE, or SEP plan for 2010.
49000
49000
Individual 401(k) Savings Calculator An Individual 401(k) can be one of the best tools for the self-employed to create a secure retirement. First, all contributions and earnings to your Individual 401(k) are tax-deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, it has very high contribution limits - allowing you to contribute more to your Individual 401(k) each year. The combined result is a retirement savings plan you can't afford to pass up.
This ammount varries from person to person and from year to year. For both 2009 and 2010 the maximum a person can contribute to their 401 K plan(s) is either the maximum allowed contribution set by your employer, or $16,500, whichever of these is the lower ammount.
49000
49,000