AIM Adds Self-Employed Retirement Calculator

AIM Investments has upgraded the advisor section of its Web site with a new self-employed persons’ calculator that compares maximum contribution guidelines for Solo 401(k) plans, profit sharing plans, SIMPLE, and SEP individual retirement accounts.

AIM Investments has upgraded the advisor section of its Web site with a new self-employed persons’ calculator that compares maximum contribution guidelines for Solo 401(k) plans, profit sharing plans, SIMPLE, and SEP individual retirement accounts.

The calculator, which was developed by Pensiononline.com, a San Francisco software developer, puts solo 401(k)s in a favorable light with higher maximum contributions and larger payouts that alternative plan choices. The calculator sells for an upfront $1,500 licensing fee with $495 subsequent annual installments, said a Pensionline.com marketing official.

Running hypothetical illustrations is a fairly straightforward matter requiring only three pieces of information: age, income and business type. Finished illustrations include bar charts comparing maximum contribution limits for each plan option.