SEP – A Simplified Retirement Investment Plan for Self-employed Individuals

A simplified employee pension is a retirement plan made for business owners and self-employed individuals. The employer only is allowed to make the contributions in this plan to eligible employees. It is the most preferred plan for many business owners because setting up this plan is totally free and the contribution limits are higher than others. The rules for this investment plan are same as the traditional IRA since it is one of the types of it.

Source: sep investment

This entry was posted in Finance.