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SEP Retirement Plan

SEP retirement plan experts are available to answer all of your questions about this great way for you and your employees to save for retirement. A SEP plan, or Simplified Employee Pension plan, is a type of IRA or Independent Retirement Account that offers employers and small business owners an affordable way to put money aside for the future. SEP plans are affordable and simple to understand. They allow employers to put funds aside for themselves and their valued employees without the excessive costs that many other retirement plan varieties have. In addition, SEP plans do not require employers to pay taxes on the investments, and offer tax deductions on contributions that are put into the accounts.

If you are looking for an affordable way to help plan for your future and the futures of your employees, you can use this website to get started today. You will be able to find a qualified financial advisor who understands all that a SEP retirement plan has to offer your business. With a SEP retirement planning guide, you can put your mind at ease that you are providing a wonderful retirement option for yourself and your employees that is affordable and easy to operate.

Future Savings with a SEP

As a business owner, you rely on your employees for your continuing success and profitability. You probably have many employees who have been there for you through many phases of your company's development, and through good and bad times. For all of their hard work and dedication to your business, you probably want to do whatever you can to help them save money for their retirement years. A SEP retirement plan will allow you to put money aside for each of your employees. In addition, each one will be able to contribute up to 25 percent of each of their paychecks, which will provide flexibility and opportunity for them to save a significant amount of money before they retire. [1]

In addition to saving money for your employees' retirements, an SEP retirement plan will also allow you to put money aside for yourself as an employer. During your career years, you probably enjoy living a lifestyle that your success in business has allowed. Making sure that you have enough funds available once you are no longer working is the key to maintaining the lifestyle that you enjoy now. That is why it is never too soon to begin planning, and a SEP retirement plan is a great tool to help you secure a future with the money you need to enjoy your retired years.

Starting a Plan

If a SEP retirement plan sounds like the best option for you, your business and your employees, the first step that you need to take is to find an expert in financial planning to help you get started. He or she will be able to advise you on all of the tax documents that you will need to submit to establish your new account. In addition, your advisor will disclose any fees or operating costs associated with your account. You will probably find that the maintenance costs involved with operating your SEP retirement plan are reasonable, which will give you even more opportunities to save money. This is one of the many benefits of this type of financial planning account.

Once you have found a financial professional that you trust to open your SEP retirement account, you will be able to discuss savings options with your employees. Eligible employees include those who have been working at your business for three years or more and are over the age of 21 years old. The flexibility of a SEP retirement plan will allow your employees to contribute according to their specific financial circumstances. More than likely, they will be pleased to take part in an account that will help them prepare for worry-free futures without incurring high operational costs that some plans require.

With your account established, you will simply need to monitor the progress of the growth of the savings. The reputable financial planner that you select from the services offered by this website will guide you every step of the way. You will have a trusted professional that you will be able to consult if you have questions, or need to make changes to your account.

Regardless of how small or large your business is, you will be able to participate in a SEP retirement plan that will make planning for your future and the futures of your employees easy and affordable. Making sure that there is enough money available when it comes time to retire is crucial. As employer, when you help yourself and your employees save, everyone benefits. You will be confident that you have selected an option that is easy and affordable.

http://www.dol.gov/ebsa/publications/SEPPlans.html retrieved 11/1/2011

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