Patrick owns a small business with four employees. He would like to contribute to their retirement, but only in years when profits are over a certain amount. Which of the following retirement plans would make the most sense for him? SIMPLE 401(k). SIMPLE IRA. SEP IRA. Solo 401(k).
Added by Raymond R.
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Patrick wants to contribute to his employees' retirement only in years when profits are over a certain amount. This means he wants a retirement plan that allows for flexibility in contributions. Show more…
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