What is a SEP IRA? A SEP IRA, Simplified Employee Pension, is a retirement plan to which employers can make tax-deductible contributions on behalf of eligible employees, including the owner. Who Can Establish a SEP IRA? Any employer with one or more employees can create a SEP plan for their business. This includes self-employed business…
Author: Wyatt
What is a simple IRA? A SIMPLE IRA, Savings Incentive Match Plan for Employees, is a version of a traditional IRA for small businesses and self-employed individuals. Similar to other traditional IRAs, contributions are tax deductible and investments grow tax deferred until the account holder withdraws money in retirement. What is the difference between a…