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Publication 560 Rev Retirement Plans for Small Business SEP, SIMPLE, and Qualified Plans  Form

Publication 560 Rev Retirement Plans for Small Business SEP, SIMPLE, and Qualified Plans Form

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step IRAs can be one of the best retirement accounts for self-employed people I've been using except Ira for the last few years and so in this video I'm going to walk you through exactly what a SEP IRA is whether setting one up makes sense for you and how you can use this type of account to set aside over 60 000 per year towards retirement quick note before we dive in this is not Financial advice but if you do want to use the platform that I personally use for my step by right you can find that down in the description below but let's dive in and start off with what asep Ira actually is well it's an IRA or individual retirement account designed for a business owner with minimal employee keys and we'll talk about why that is in just a second essentially how the account works though is that contributions are tax deductible today and then you're going to be taxed in retirement on those funds pretty much the same as any other pre-tax retiremen

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