A Basic Guide to the SEP IRA

August 4, 2021
SEP IRA written on a jar of money on a table with books and glasses

A SEP IRA can be a smart retirement plan option if you want higher contribution limits, flexibility, and tax advantages. Here’s how they work. Key takeaways: SEP IRAs are flexible retirement savings options, especially helpful to business owners with few or no employees SEP IRAs have high contribution limits: $58,000 for 2021 Only employers can…

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