A Simplified Employee Pension Individual Retirement Arrangement (SEP-IRA) has much higher contribution limits than a Traditional IRA. It is also easy to set up and maintain. You may open a SEP-IRA if you are a business owner or earn self-employment income, even if you are covered by a retirement plan at your full-time job. A SEP-IRA allows you to decide how you want to invest your money, and contributions are not included in your taxable income until you withdraw the principal.
If you own your own business, a SEP-IRA may provide you with a simplified means of making retirement contributions for yourself and your employees. SEP-IRA contributions go directly into employee-owned IRAs.
In general SEP-IRAs are typically used by:
To learn more about our IRA services, please contact one of our experienced IRA consultants at email@example.com or by phone at one of our locations:
Texas Office – IRA Department: 800-580-2933
Georgia Office – IRA Department: 800-262-2429
You can also visit the IRS website for additional information on SEP-IRAs by clicking here.