SEP IRA
How can you make a retirement savings plan when you run your own company
Though large corporations get the spotlight, according to the U.S. Small Business Administration, the reality is that the vast majority of businesses in the U.S. are small businesses. There are an astounding 33.2 million small businesses across America. Of the…
Solo 401(k) and SEP IRA at a glance
Planning for retirement can be difficult and confusing, especially if you are self-employed or a small business owner. The most popular choices are the solo 401(k) and the Simplified Employee Pension (SEP) individual retirement arrangements or SEP IRA. Each one…
A SEP IRA offers distinct advantages if you’re self-employed
A 401(k) plan is a company-sponsored retirement account to which employees can contribute income, while employers may match contributions. But what if you are self-employed? Simplified Employee Pension Plans (SEP IRAs) help self-employed individuals and small-business owners get access to…