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| I can't say what's right or wrong, because I'm not you. Dr David Kohl said in a commentary last winter that the next generation of farmer will need to learn tax management, not tax avoidance. Paying some tax now may not be the end of the world.
If it's important to have dry powder, are you better off having 70% of 15,000 or 0% of 15,000? But if you have 0 now, you will have more later.... at what tax rate?
I personally have the philosophy that I will take dry powder that I can invest freely now, even if it costs me a little tax because tax rates will probably be lower now than down the road but it's not about right or wrong, it's about what gets you down the road. | |
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SEP IRA/ Tax question
