i had a s corp almost 10 years ago. i started a new s corp this year. Need to setup retirement plan for this new s corp. I look at the retirement plan for the old s corp, and see a SEP IRA and an individual 401k plan. I wanted to do the same setup as before, but can not remember everything. Trying to google it, but still not understand it all.
here is what i remember, the SEP IRA is funded by the s corp. the individual 401k is funded by me. is this correct?
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