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emily
May 12, 2011 - 3:20PM
Retirement Plans

Hi!
I am employed by a hospital and this year I've contributed 16,5K to my 403b , 16.5K to my 457b that are offered by the hospital. In addition I have contributed 5,0 K to nondeductible IRA that was later converted to Roth IRA.
I plan to leave the hospital in July and work as an independent contractor while also establishing my own practice.How much more money can I shelter for retirement till the end of the year assuming I expect to earn 260K for the second half of the year? What kind of retirement plan should I establish - SEP,401K, or any other? Is there an yearly limit?

Zip Code: 11375

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