What is a SEP IRA?

What is a SEP IRA?

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.


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