401k Contribution Comparison

Retirement Planning - 401k Contribution: Self-employed individuals and businesses employing only the owner, partners and spouses have several options for tax-advantaged savings: an Individual 401 plan, a SEP IRA, a SIMPLE IRA, or a Profit Sharing plan. Each option has distinct features and amounts that can be contributed to the plan each year. Use the Individual 401k Contribution Comparison Calculator to estimate the potential contribution that can be made to an Individual 401k compared to Profit Sharing, SIMPLE, or SEP plan for 2008.

This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.
    You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

    For more information about this Plug-in please visit: SUN's Java™ Plug-in
    For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

401k Contribution Comparison - Definitions

Business type - Please select either in sole proprietorship or corporation. The calculations for your contributions are slightly different depending on the business type.
Net income - For sole proprietors, this is your net income from your tax Schedule C or C-EZ. For single owner corporations with no employees other than yourself or your spouse, this is your w-2 wages.
Current age - Your current age. For SIMPLE and Individual 401k retirement plans you are able to make additional contributions, known as "Catchup Contributions" if you are age 50 or older by the end of the year. Individual 401k plans allow for an additional $5,000 while SIMPLE IRAs allow for an additional $2,500 contribution.

Investing and Retirement Planning: Certificates of deposit are one of the safest forms of saving money for the long term. Use this Bank CD Calculator to visually show you the long term return on investment you can expect based upon current bank CD rates. In addition, retirees and users planning for retirement can take advantage of our 401k Calculator.

Every investor has different trading styles and investment preferences. Before you open a Broker Account, compare brokerage firms, account minimums, trade fees and more at Calculatorplus.com



Retirement MarketPlace