Hi Fellow Mustachians,
I wanted to know where I could get more info about SEP and Defined Benefit Plans? I make a very healthy living on a W2 salart while living and working in Switzerland. The downside is, no contributions to a US 401k while working in Switzerland per my employer plan. However, the money I make in the US is purely from my two rental units, which before expenses provides about $74,400 USD per year. As we don't need the income for ordinary living expenses from the US rentals, after a conversation with a tax preparer I was thinking of forming an LLC and creating a SEP and/or Defined Benefits Plan from our real estate business. The intent would be to take the income from the rentals and put into a SEP or Defined Benefits Plan.
Thanks for any info you can provide! If you are already using an advisor to set these up for those who are self-employed Mustachians, please tell me how it is working out for you?
Thanks!