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Self-Employed Retirement Plan Maximum Contribution Calculator

Very Good (122 Ratings)

3.614758/5

Compensation for a self-employed individual (sole proprietor or partner) is that person's 'earned income.'* The starting point to determine the individual's earned income is the net profit amount from the Schedule C (or Schedule K-1 for a partnership). Use this calculator to determine your maximum contribution amount for a Self-Employed 401(k), SIMPLE IRA and SEP.

*Earned Income = Net Profit - 1/2 of Self-Employment Tax - Contribution

Plan Information	Input
Type of business	Sole Prop/PartnerCorporation
Contribution tax year	20072008
Current age	(1-99)
Net profit from Form 1040-Schedule C	(0-9999999)$

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Plan Information	Input
Type of business
Contribution tax year
Current age
Net profit from Form 1040-Schedule C

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{ "fields" : { "udata" : [ "type" , "taxYear" , "clientAge" , "netProfit" ] } }

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This calculator is provided by Financial Calculators, Inc., and is intended solely for general information and educational purposes. You should not take any action on the basis of the information provided through this calculator. Please see the disclaimer for further information and limitations.

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Very Good (122 Ratings)

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Rates

See today's average rates across the country.

• Mortgage

  Loan Type	Today	Last Week
  30 Year Fixed	5.11%	5.07%
  15 Year Fixed	4.48%	4.55%
  1 Year ARM	3.91%	3.94%
  30 Year Fixed Jumbo	5.90%	5.86%
  5/1 ARM	4.25%	4.19%
  3/1 ARM	4.94%	4.97%

  Source: Bankrate
• Home Equity

  Loan Type	Today	Last Week
  $30K Home Equity Loan	8.38%	8.34%
  $50K Home Equity Loan	8.28%	8.22%
  $75K Home Equity Loan	8.31%	8.25%
  $30K HELOC	5.17%	5.19%
  $50K HELOC	4.91%	4.93%
  $75K HELOC	4.91%	4.93%

  Source: Bankrate
• Savings

  Savings Type	Today	Last Week
  6 month CD	1.02%	1.05%
  1 year CD	1.44%	1.51%
  3 year CD	2.03%	2.09%
  MMA	0.87%	0.90%
  $10K MMA	0.93%	0.98%
  $25K MMA	1.12%	1.18%

  Source: Bankrate
• Auto

  Loan Type	Today	Last Week
  36 Month New Car Loan	6.71%	6.70%
  48 Month New Car Loan	6.84%	6.82%
  60 Month New Car Loan	6.88%	6.86%
  72 Month New Car Loan	6.12%	6.12%
  36 Month Used Car Loan	7.17%	7.17%
  48 Month Used Car Loan	7.05%	7.05%

  Source: Bankrate
• Credit Cards

  Card Type	Today	Last Week
  Business Credit Cards	10.74%	9.74%
  Low Interest Credit Cards	11.97%	11.75%
  Balance Transfer Credit Cards	12.09%	12.20%
  Cash Back Credit Cards	12.49%	12.08%
  Instant Approval Credit Cards	13.32%	13.32%
  Reward Credit Cards	13.42%	13.29%

  Source: CreditCards.com

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