Individual 401k contribution calculator
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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.