If you’re a small business owner, then opening a SEP IRA might be the best option for your retirement plan. Here’s the rules and contribution limits of opening a SEP IRA….(read more)
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Very helpful
Just started my sep ira last month. Been in business since 2011 and always just used a traditional ira, wanted to start throwing big money at retirement.
Great vid
Very good explanation. Looking into getting a SEP IRA.
Best straight forward explanation on YouTube
you didn't mention If the SEP has employer match. If there are 5 employees at 15% distribution into their SEP, isn't that each employee's own money out of their own check w/o employer match? if so, why is that a disadvantage to the employer?
After we drop 20% into a sep ira, are we good to contribute another 5500 into a personal Roth IRA?
Goos explanation. This confuses the heck out of people.
This was great, thanks for the info Jeff. For those that want to just update the numbers he gave with the new current year limits it is at:
http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/SEP-Contribution-Limits-(including-grandfathered-SARSEPs)
Great video Jeff. I'm a consultant that is a sole practitioner and have had a SEP IRA for 17 years since I started my business. It's a great plan for high income sole proprietors that are savings minded because the contribution rules allow you to save such a high percentage of your income and give you the flexibility as you mention to decide how much to fund each year based on how well your business is doing. I rolled my 401k into my SEP when I left the corporate world to start my business and went from having about 10 mutual fund options to an online investment platform that offered the entire universe of publicly traded common stock, ETFs, mutual funds, bonds, preferred stock etc…etc…which allowed me to customize a retirement portfolio based on my risk tolerance and goals as well as re-balance asset allocations as market conditions changed and as risk tolerances and goals changed during the 17 years I've been in business.
thanks Jeff you always cut thru the bull and are very clear
thanks for the straight forward explanation
Hey Jeff,
Excellent demonstration. I appreciate your explanations on this topic, I've looked at many videos to send my current clients to and yours is by far the best out there on SEP IRAs. Thanks again
-Derek Ifasi