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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (87954)9/3/2007 10:15:17 AM
From: TradeliteRead Replies (1) | Respond to of 306849
 
<<If you 1099 your workers ( which makes you self employed ) a SEP IRA becomes instantly available allowing you to put away up to $45,000 per year in your retirement account.>>

How many workers in that category can afford to "put away" up to $45K in a retirement account? Putting away money means little money left over for food, shelter, clothes, car needed to get to work, no???



To: Giordano Bruno who wrote (87954)9/3/2007 10:30:35 AM
From: 10K a dayRead Replies (1) | Respond to of 306849
 
So let me get this straight.

If i can rent for 1500/mo.
Or Buy a house for 3000/mo.

If i put 1500/mo in to a SEP IRA.
It sounds like I would come out WAY ahead? by renting and putting the money in a SEP IRA???...

I need to go punch some numbers in to Turbo Tax.

:)


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