Everything You Need to Know About a Gold IRA Transfer
With everything going on in the economy today, more and more people are concerned about their financial security Recession fears are high, and memories of 2008 are still at the back of many...
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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.