ADVERTISEMENT

What is a SEP IRA? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

A SEP IRA is a retirement plan available to self-employed persons and small business owners. Contributions up to 25% of eligibile compensation or max of $51,000 (2013) to a SEP IRA are typically 100% tax deductible and earnings grow tax deferred. Sole proprietorships, partnerships, LLCs, and S corporations are also eligible for this type of retirement plan.

 

See Also:

Plan to Retire Someday? You'll Want One of These

Pay It Forward on Tax Day

More About IRA

Get the Most Out of Your IRAs

IRA vs. 401(k) -- What's the Difference?

How Much Do I Need to Retire?

Tagged in: Sponsored, Glossary
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

© Copyright DailyWorth 2014

ADVERTISEMENT