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What is a Simplified Employee Pension (SEP) plan and do you qualify?
Are you self- employed or a small business owner? Do you have a retirement plan? If you are a self-employed individual or a small business owner you can establish individual retirement accounts, called SEP IRAs for yourself and your employees. So how do SEP IRAs work? They work a lot like a traditional IRA, but here are additional rules and benefits you need to understand before you decide if this retirement plan is right for you and/or your small business. In Kate Ashford’s article appearing on www.forbes.com she explains how a SEP IRAs allow self-employed people and small businesses with few employees to save a lot for retirement easily. Read Ms. Ashford’s article here…
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