Intro To Sep Ira
A SEP IRA (Simplified Employee Pension Individual Retirement Account) is a written contract that enables an employer to make contributions for employees’ retirement, or personal retirement if self-employed, without becoming involved in a complex retirement plan. That’s why those policies are preferred by self-employed individuals and small business with only just a few employees. I would like to point out to you the advantages of small business retirement plans solutions. The first one comes from the fact that as mentioned, there is no complexity in terms of setting it up and maintaining it as oppose to many other retirement plans. There is no lengthy and detailed government reporting and any testing.
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