Thread: Taxes
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Old 06-16-2008, 12:32 PM   #12 (permalink)
trisha
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Join Date: Oct 2007
Location: Kansas City Missouri
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you can contribute up to $5000 in 2008 and $6000 for those 50 & over. A great way to supplement your retirement with some tax free withdrawals. It has been rising pretty steadily since its inception about 10 years ago. I hope people are taking advantage of this, since we lab owners don't have any built in pension or 401ks probably. That is what the SEP/SIMPLE is for.
trisha
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