Posts Tagged ‘sep+ira,’

Sep Ira Vs Simple Ira

Chicks On Flicks Episode no. 43 Reviewed: Up, Kung Fu Panda, Wall E, Persepolis


Simple Ira Vs Sep Ira

Browne And Associates LLC


Sep Ira For Llc

Question: What is the best way to use my old 401K to fund my music career?

I’m 30, I have an old 401K from my past job. Should I create an LLC for myself, transfer to a SEP or SIMPLE IRA? What are the tax or penalties? Any new legislation for start-ups? Thanks!

Answer: you should be saving that money for retirement – withdrawing it now will cost you between 15-30% of it to taxes and penalty

just do a direct rollover to a regular IRA and leave it there

Elite Pensions LLC IRA part 1 of 4