Fellow Mustachians,
I've been offered a new job as executive director of a small business association, including about a 25% increase in total compensation. My current employer (also a small association) offered a SEP plan and contributed 15% to my plan on top of gross income. My new offer includes only a $2,000 "self-directed" retirement contribution. I called the retiring executive director, and she said there's nothing formal set up in terms of a tax-advantaged retirement plan. Presumably, since I'm the boss, I could structure the payroll and benefits any way I wanted with board approval, assuming it adds up to the same benefit package as they offered. I want to get to at least 25% into a 401k, SEP, other tax-advantaged vehicle? Thoughts??