I recently made the choice to return to my entrepreneurial roots and focus on my independent media and marketing business. This transition gives me the opportunity to utilize a SEP IRA to save for retirement since I am a small business owner.
I already had a SEP IRA from several years ago when I started my business. A lot of things have changed since then, most notably my obsession with the stock market, so I knew I would be making some adjustments to the old plan. Most of my existing funds were allocated to a range of American Funds mutual funds.
Ultimately I decided to move my SEP IRA to Fidelity Investments so that I could more efficiently manage the investments. This video discusses why I made the move, how the transfer process works, and how long it took my assets to be transferred. If you are interested in opening a SEP IRA then I think you will enjoy the video.
This video is NOT a paid advertisement for Fidelity Investments and it is important that you discuss your SEP IRA options with a certified financial advisor (which I am NOT) before proceeding.
More videos from 40 Finance to check out:
5 Ways to Time the Stock Market
My SOFI Loan Review
#sepira #fidelity #iratransfer…(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
Do you have a single SEP-IRA's or multiple SEP-IRA's if multiple contributors?
1. Would my employed (W2) and self employed (sole prop) SEP-IRA contributions go in to a single SEP-IRA, or would I be required to have two SEP-IRAs?
2. Is there any problems with taking a SEP contribution for my sole prop income and S-Corp W2 income?
3. Would I keep two Form 5305-SEP's for my records?
My Sole prop income was in Q1 only. This sole prop then became a SM-LLC (S-corp election) and was my income for the rest of the year.
Still waiting for the dominos video…
Just getting into investing – feel like your the only channel I can trust. Please keep the videos coming!!
Why did you chose Fidelity over Schwab, TDA or any of the other brokerage firms?
If a person is w2 AND has self employed income for which a 1099 is received…how much $ can be deferred to SEP?
Tesla stock is going up when earnings are coming in a few days .
Some are saying there's a market crash coming , I don't think it's next week .