SEP after 70
Just want to be sure I’m right.
The client just turned 70 and will retire at the end of this year. He has set up an LLC to work for the same company as a contractor. Can the LLC open and fully fund an SEP for 2025?
Just want to be sure I’m right.
The client just turned 70 and will retire at the end of this year. He has set up an LLC to work for the same company as a contractor. Can the LLC open and fully fund an SEP for 2025?
Permalink Submitted by Alan - IRA critic on Tue, 2024-11-19 12:59
Yes, as long as client is clearly not an employee.