Re: [CANSLIM] Re: Keogh Plans [off topic]

From: "Tim Fisher" <Tim@orerockon.com>
Subject: Re: [CANSLIM] Re: Keogh Plans [off topic]
Date: 4 Jan 2002 23:33:01 -0800

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You are right on Tom, I anticipate more profits than I want to pay tax on, 
hence the Keough. I need an administrator for the Keough whereas I could 
get by administering the SEP myself.

At 07:57 PM 1/4/2002 -0500, you wrote:
>A Keogh is admittedly more difficult to set up, but if I remember correctly,
>the contribution limits are higher. I think there may also be a limit on how
>many employees can be covered in a SEP-IRA, so the size of the business, as
>well as anticipated profits, are both a factor.
>
>Tom Worley
>stkguru@netside.net
>AIM: TexWorley
>----- Original Message -----
>From: "Warren Keuffel" <wkeuffel@xmission.com>
>To: <canslim@lists.xmission.com>
>Sent: Friday, January 04, 2002 1:18 PM
>Subject: [CANSLIM] Re: Keogh Plans [off topic]
>
>
> > Tim,
> >
> > Setting up a Keogh is a pain in the gluteus.  I learned that a SEP-IRA
> > gives most of the benefits of the Keogh with few of the drawbacks.  SEP
> > stands for Self Employment Plan or something like that.
> >
> > FWIW.
> >
> > Warren
> >
> > Tim Fisher wrote:
> >
> > > P.P.S. Tom you should be proud of retiring that dino PC - I broke down
> > > and bought 256 megs of RAM last night at Costco for $36 (had 64 megs
> > > in my homebuilt Athlon 550) and WOW it is like a different computer
> > > this morning. No more HD churning for pagefile swapping and the apps
> > > start lightning fast. So this is how a decent PC should act!
> > >
> > > P.P.P.S. I am seriously considering opening a Keough for my brand new
> > > S Corp - looks like the most flexibility and I can dump the maximum
> > > amount of excess profits in there (something like $24k a year)
> > > assuming there are any. I got the distribution from my former
> > > employers' 401k transferred directly to my IRA - with luck it will
> > > happen before I die. Thanks for the input guys and gals.
> > >
> > > Tim Fisher
> > > Ore-ROCK-On Rockhounding Web Site
> > > Pacific Fishery Biologists Information
> > > mailto:tim@OreRockOn.com
> > > WWW http://OreRockOn.com
> > >
> > >
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Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Pacific Fishery Biologists Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


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