A SEP IRA allows Business Owners and the Self-Employed to contribute to their IRAs, using few nifty tricks. Justin explains why the SEP IRA or Simplified Employee Pension IRA is useful, the pros and cons over other IRAs, and when you might use one to maximize your IRA benefits.
For a complete transcript with additional resources, visit: https://financiallysimple.com/small-business-retirement-plans-comparison-pick-best/
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• Why Not Use a Regular IRA?
• What is a SEP IRA?
• What if You’re Self-Employed?
• Who Can Use a SEP?
• Starting a SEP
• The Pros
• The Cons
• Practical Planning Advice for SEPs
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Justin A. Goodbread, CFP®, CEPA®, CVGA®, owner of FinanciallySimple.com, is a nationally recognized financial planner, financial educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience starting, buying, owning, and selling businesses. Winner of the Investopedia Top 100 Advisor award and Exit Planning Institute’s Exit Planner Leader of the Year.
Publication 506: Publication 560, Retirement Plans for Small Business
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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.