401k Contributions as a single owner of a S-Corp - How to Divide?

Dec 20, 2006 1 Replies
J

My wife and I own our own S-Corp and have a single 401k setup through theonline 401k. What I'm struggling with is how much I should have our corporation contribute to the



401k as opposed to use contributing? The ultimate goal is to pay the least in taxes (of course).

Our income will likely be around $70,000 this year.



I have looked for this information everywhere, so any advice on where to find it would be VERY helpful! Thanks, Jeb



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K
  1. Are you and your wife the only employees of company?

  1. Do you need part of the K as income? What is current AGI?

  1. Do the two of you have other jobs? If so, do they have retirement plans? Do you participate?
  2. Are you participating in other retirement vehicles?

  1. Current ages and planned retirement ages?

  2. Do you file jointly or seperately?

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