![]() | TAX-DEFERRED SAVINGS VEHICLES | ||||
![]() Are You Ready to Retire? Retirement Budgeting Sources of Retirement Income Tax-Deferred Savings Vehicles Estate Planning Selling Your Business Getting Your Business Ready for Sale Working With a Business Broker Closing-Your-Business Sale More Resources: Retirement Planning | Simplified Employee Pension (SEP)-IRA This plan is basically a cross between a traditional IRA and a Keogh plan. A SEP-IRA is structured like a cross between a traditional IRA and a Keogh. It:
Business Applications TIP: Can be used by self-employed individuals, partnerships, or the owners of unincorporated businesses, limited liability companies, or Sub-S corporations. TIP: A subchapter S corporation is a common structure for sole proprietorships and partnerships. The advantage is that the corporation doesn't pay taxes. Business earnings flow directly to the owner and are taxed at the individual rate rather than the higher corporate rate.
TIP: You must contribute the same percentage of company money to your workers’ accounts as the company contributes on behalf of the company to your own personal retirement account. Savings Incentive Match Plan for Employees (SIMPLE) IRA > |