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Individual 401(k) Calculator

If you're self-employed or run your own business with no staff other than family, there are several ways that you can invest money and save on taxes. It's not always clear, though, which option is the best. Should you invest in an individual 401(k) plan, SEP, SIMPLE IRA, or profit share? Using current IRS information for 2010, our Individual 401(k) Contribution calculator compares the pros and cons of each option, based on your potential contribution.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.