IRA Financial Group Announces Higher Annual Solo 401(k) Plan Contribution Limitations for 2013

Self-employed individuals and business owners with a Solo 401(k) Plan can defer up to $51,000 and $56,500 - if over 50 years old - in 2013 Miami, FL (PRWEB) January 02, 2013 Starting on January 1, 2013, the Internal Revenue Services (“IRS”) announced that self-employed individuals and small business owners that have adopted a solo 401K plan for the 2013 taxable year will be able to make tax-deferral employee and employer contributions of up to $51,000, an increase of $1,000 from 2012. Self-employed individuals and small business owners, who are over the age of 50, will be able to make t
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