What About Profit-Sharing Plans?

BY JOHN J. JURCAGO

I was disappointed that the article “ IRAs and 401(k)s: How to Pick the Best Plan ” ( JofA , Mar.05) 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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SPONSORED REPORT

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QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.