If You Own a BUSINESS AND AN IRA, The IRS Has Two Separate Traps at Retirement The Dual Exit Trap

Vault After 60

Paul is 61. He owns a regional HVAC company he built from scratch over 28 years. He has a buyer — a PE-backed roll-up offering $3,800,000 for the assets. He also has a SEP IRA with $890,000 built through maximum contributions since 2003. His business broker sent a summary sheet showing approximately