The SEP IRA is one of the best ways for small businesses and individual business owners to help employees save for retirement, and they’ll be able to contribute even more in 2025 than in 2024. The SEP ...
Picking the right retirement savings plan and maximizing retirement savings can be a complex landscape to navigate, but it’s key to staying fiscally fit in the twilight years. Retirement planning is ...
The SEP IRA is a great starter plan for a small business because it is easy to set up and maintain. Also, it provides funding flexibility with discretionary contributions. But sometimes, a small ...
Self-employed workers and small-business owners who want an easy and inexpensive retirement plan should consider a Simplified Employee Pension IRA, or SEP IRA for short. SEP IRA plans are easier to ...
About 16.5 million people in the U.S. are self-employed, according to 2023 data from the Bureau of Labor Statistics. For many of these workers, planning for retirement has its own quirks and ...
Retirement plans, like simplified employee pension (SEP) IRAs, go hand-in-hand with attractive tax benefits. Designed for self-employed individuals and small business owners, SEP IRAs allow employers ...
The simplified employee plan–individual retirement account (SEP-IRA) has long been the star option for sole proprietors seeking to reduce income taxes and save for retirement beyond the lower ...
Young and the Invested on MSN
The 2026 Retirement Account Contributions Limits (+ How You Can Still Max Out for 2025)
The IRA contribution limit for 2026 has been raised by $500, to $7,500 for those under age 50. The IRA catch-up limit is a ...
Forbes contributors publish independent expert analyses and insights. The tactics everyday people use to “FIRE” and pursue their dreams. Focused old woman with white hair at home using laptop. Senior ...
How Does a SEP-IRA Work? A listener named Wasittha asked me the following question: “I’ve been trying to max out my IRA and 401(k). However, I’ll be unemployed next year for a while–hopefully not for ...
SEP IRAs and SIMPLE IRAs are ideal retirement savings accounts for small businesses and the self-employed. Knowing the plans' differences and similarities can help save you money for retirement.
Cost and administrative complexity are two of the most frequently cited reasons small businesses give for not offering a retirement plan. But the Simplified Employee Pension (or SEP) IRA and the ...
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