A simplified employee pension, or SEP, can provide small businesses and self-employed individuals with a tax-deductible and tax-deferred...
A simplified employee pension, or SEP, can provide small businesses and self-employed individuals with a tax-deductible and tax-deferred way to save for retirement.
Several Web sites offer a range of information and forms related to establishing and maintaining an IRA-based SEP. Here is a sampling of sites:
• AARP
bulletin.aarp.org/yourmoney/retirement/articles/twin_reaper0.html
Most Read Business Stories
Article discusses SEP plan costs, setup, eligibility and contributions.
• Internal Revenue Service
www.irs.gov/pub/irs-pdf/f5305sep.pdf
www.irs.gov/pub/irs-pdf/f5305ase.pdf
Two IRS contribution agreement forms for establishing SEP plan, in pdf format.
• Investopedia
www.investopedia.com/university/retirementplans/sepira
Provides overview of SEP plan eligibility, contributions and distributions.
• TIAA CREF
www.tiaa-cref.org/products/ira/profiles/sep.html
Features overview of how a SEP plan works and its advantages.
• U.S. Department of Labor
www.dol.gov/ebsa/publications/SEPPlans.html Spotlights various aspects of a SEP plan, including establishing and opening a plan, and distribution.