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How much can I contribute to my SEP?
The contributions you make to each employee’s SEP-IRA each year cannot exceed the lesser of:
25% of compensation, or
$55,000 for 2018
How much can I contribute if I’m self-employed? If I participate in a SEP plan, can I also make tax-deductible traditional IRA contributions to my SEP-IRA? If I participate in a SEP plan, can I contribute to a Roth IRA in addition to receiving contributions under the SEP plan? Can I make catch-up contributions to my SEP? Must I contribute to the SEP every year? Do I have to contribute for a participant who is no longer employed on the last day of the year? Can I contribute to the SEP-IRA of a participant over age 70 ½? When must I deposit the contributions into the SEP-IRAs? How much of the SEP contributions are deductible? Are employer contributions taxable to employees? What are the consequences to employees if I make excess contributions? If my SEP plan fails to meet the SEP requirements, are the tax benefits for me and my employees lost?…(read more)
LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
I had a chat with a fiduciary whom I came across today. she’s a pro and we got talking about investment and money. I was in shock when she told me that investing $2000 monthly in ETF and STOCKS with an average of 12% compounding annually in 20 years will give me $1 million. It gets even more interesting. The total contributed is $480,000 whereas interest earned is around $4,224,000. Crazy right! I immediately got investing as I don’t want to miss out on the opportunity.
They grow tax deferred not tax free
Does an LLC partnership account for SEP IRA contributions as an LLC business deduction or as a Pass Through Deduction?
Ver informational video. I just passed all four sections of the CPA and now I am looking to learn more about financial planning, which really helps potential clients. Thanks! You've earned a sub!
Watsp me 9746418085 for a great opportunity
I wish I looked into this sooner
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Wait u haven't sub to me it's so weird it glitches
I don't even comnet on video's now this my last comnet
are you self-employed individual mam? 🙂