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hey this is jeff rose goodfinancialcents.com are you a small business owner that wants to set up a retirement plan for the business but just has no clue on which is the right one for them if you are don't worry I was in that exact same situation today I want to talk about the SEP IRA what it is I want to tell you some of the benefits of how it might be a good fit for your business and also when a SEP IRA might not make the most sense for you and your setup first of all what is a SEP IRA SEP IRA stands for simplified employee pension it's a lot of words but basically it's a retired plan that is set for small business owners it allows you to put in a lot more than you can in your traditional or Roth IRAs and that's where we start with the first benefit so some of the benefits of the SEP IRA is like I just mentioned is that you can put in up to 49 thousand dollars per year into it obviously that farce exceeds the five or six thousand dollars that you could do into a traditional Roth IRA s

Version Form Popularity Fillable & Printable
IRS 5305A-SEP 2006 4.6 Satisfied (489 Votes)
IRS 5305A-SEP 2002 4.5 Satisfied (113 Votes)

Related content Get and Sign sep ira 2006-2018 form

FAQ irs form 5305 sep instructions

  • What is a SEP IRA account?

  • What is the difference between a SEP and sarsep?

  • Who sets up a SEP IRA?

  • What is a 5305a Sep?

  • What is sarsep?