Worth it to employ spouse to enable SEP contributions?

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Freeadvice
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Joined: Wed Nov 27, 2019 12:42 pm

Worth it to employ spouse to enable SEP contributions?

Post by Freeadvice »

I’m pleased that SECURE 2.0 allows for Roth SEPs in 2023. But I do not have a SEP! Spouse has one in his single member llc. in NY. What is the best way for my spouse to include me in his business so that we an open a spousal SEP? Form a qualified joint venture? Income is variable but around $200,000-$300,000. Any ideas welcome!
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