Question
What is a sep ira?
Interesting Question? 
(3) 
(4)
(3) (4)
Answers (1)
16th Feb 2010 by Daniel Cross, ChFC
SEP stands for Simplified Employee Pension and uses IRA's as the contribution vehicle. The employer, like a profit-sharing plan, can distribute funds to the SEP according to compensation and is always 100% vested. The maximum deductible contribution made is 25% and otherwise works like a regular IRA meaning tax deferred distributions and no restrictions to withdraws.
SEP stands for Simplified Employee Pension and uses IRA's as the contribution vehicle. The employer, like a profit-sharing plan, can distribute funds to the SEP according to compensation and is always 100% vested. The maximum deductible contribution made is 25% and otherwise works like a regular IRA meaning tax deferred distributions and no restrictions to withdraws.
Like This Answer? (0) (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
(0) (0)
11th Dec 2009 In Retirement
1 Answers | 147 Views
Subjects: sep ira,