Can I Buy Physical Gold With My 401(k)?
There’s no better way to accumulate wealth than by saving and investing But just socking away money into a bank account isn’t going to grow your wealth by itself Growing your money means...
Investing
A SEP IRA (Simplified Employee Pension) is a type of IRA provided by financial institutions for business owners to provide themselves and their employees with retirement benefits. SEP IRA’s are set up as traditional IRA’s, so funds can be invested the same way. Just like any IRA, SEP IRA’s provide tax benefits and allow you to save for your future retirement. Employers and business owners can set restrictions as to which of their employees qualify for the IRA, but the IRS does set a limit on these restrictions. The IRS also sets SEP IRA contribution limits. The strictest conditions allowed by the IRS are:
Employers and business owners are allowed to use less restrictive measures if they choose.
There are a few SEP IRA rules set in place that limit the amount that you can contribute or that an employer can contribute to an SEP IRA.