SEP IRA
(Simplified Employee Pension)

SEP IRAs are an ideal plan for business owners, self-employed individuals, or someone operating a business on the side. They provide maximum flexibility for contributions, allowing you to set aside a different percentage each year. Self-employed individuals or business owners with only a few employees typically prefer this type of IRA. SEPs are easy to set up and maintain, with little paperwork or administrative responsibility for your company. Contributions to a SEP for yourself and your employees are tax-deductible as a business expense.

For contribution limits, visit the IRS Website for the most up-to-date information. Some restrictions do apply, so speak with your tax advisor before opening a SEP IRA.

Important note:   The IRA features described are for informational purposes only and are subject to change. Advice from a tax advisor or legal counsel is recommended. To open an IRA account, please visit your local branch.