HIGH PLAN CONTRIBUTION |
• Age: Thomas, Age 60 |
• Recent yearly Schedule F income: $625,000 |
• Business structure: Sole proprietorship |
• Employees: 1 |
• Plan contribution: $500,000 |
• Notes: (NONE) |
MEDIUM PLAN CONTRIBUTION |
• Age: Joe and Karen, 58 and 57 |
• Recent yearly Schedule F income: $306,000 |
• Business structure: Sole proprietors |
• Employees: None |
• Plan contribution: $125,000 each ($250,000 total) |
• Notes: The couple has significant non-farm income |
LOW PLAN CONTRIBUTION |
• Age: John and Lisa, 67 and 62 |
• Recent yearly Schedule F income: $125,000 |
• Business structure: Sole proprietorship |
• Employees: 2 |
• Plan contribution: $50,000 each ($100,000 total) |
• Notes: (NONE) |