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What about profit-sharing plans?

I was disappointed that the article "IRAs and 401 (k)s: How to Pick the Best Plan" (JofA, Mar.05, page 37) did not even mention defined contribution/profit-sharing plans. These allow an owner to pick an amount each year and have limits on contributions of up to 100% of compensation vs. the 25% limit in an SEP.

John J. Jurcago, CPA

Strongsville, Ohio

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Title Annotation:Letters
Author:Jurcago, John J.
Publication:Journal of Accountancy
Article Type:Letter to the Editor
Date:Jun 1, 2005
Words:113
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