SEP IRA's for professional poker players - Two Plus Two Newer Archives

Two Plus Two Newer Archives

		Two Plus Two Newer Archives > Other Topics > Business, Finance, and Investing
SEP IRA's for professional poker players

Reply

#1

Old

02-19-2007, 11:59 AM

JeffO

JeffO is offline

Senior Member

Join Date: Oct 2003

Location: In a van down by the river

Posts: 657

Default

SEP IRA\'s for professional poker players

Can anyone tell me the formula for calculating how much a professional poker player can contribute into a SEP IRA, and also the maximunm contribution? Thanks.

Reply With Quote

#2

Old

02-19-2007, 12:59 PM

geormiet

geormiet is offline

Senior Member

Join Date: Jul 2004

Location: San Francisco

Posts: 2,237

Default

Re: SEP IRA\'s for professional poker players

i think it's 25% up to 44k.

Reply With Quote

#3

Old

02-20-2007, 04:03 PM

jively

jively is offline

Senior Member

Join Date: Apr 2005

Location: Long Island, NY

Posts: 782

Default

Re: SEP IRA\'s for professional poker players

[ QUOTE ]
i think it's 25% up to 44k.

[/ QUOTE ]
That's close but not completely accurate.

This article has the formula in the "For self-employed persons" paragraph.

-Tom

Reply With Quote

Reply

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Forum Rules

Forum Jump

All times are GMT -4. The time now is 12:01 PM.