|
Franklinton, LA | I do not know anything about your age or income or your state income tax rate. So please talk to your CPA. After you establish the Keogh plan or SEP IRA it is easy to make annual contributions. You can also invest more money each year in this type plan as compared to an IRA. Your bank or a mutual fund provider can assist you in setting up this type account. There are numerous other providers who will do this but it will cost you now and they will want part of your money each year. If you decide on a mutual fund, I would suggest a fund that does not charge you to set up the account, that does not have a front end or back end load and has annual management fees of less than 0.90%. It would also be nice if the mutual fund has returned over 7.0% for the past 10 years. | |
|
tax question
