1 In 2015, 100% of net adjusted business profits income up to the maximum of $18,000 or $24,000 if age 50 or older can be contributed in salary deferrals into an Individual 401k (2014 limits are $17,500 or $23,000 if age 50 or older). 2  Profit Sharing Contribution. In 2015,100% of W-2 earnings up to the maximum of $18,000 or $24,000 if age 50 or older can be contributed to an Individual 401k (2014 limits are $17,500 or $23,000 if age 50 or older). 2  Profit Sharing Contribution. 3  A profit sharing contribution up to 25% of W-2 earnings can be contributed into an Individual 401k.
The first step to earning a Broker license in Illinois is to complete 90 hours of Pre-License education, which includes a 75-hour Broker Pre-license Topics course and a 15-hour interactive Broker Pre-license Applied Real Estate Principles Interactive course. Home Study - most popular option for real estate education.
Apply for Your License. Apply for your license and pay the appropriate fee for the license to the Illinois Department of Financial and Professional Regulation. Note: You must be sponsored by a managing broker before you may practice.