Retirement Planning – Blog

Main Menu

  • Main
  • Retirement Calculators
  • Retirement Planning Tips
  • Retirement Plans
  • 401k Roth Ira
  • More
    • Estate Planning
    • Social Security
    • Retirement Healthcare
logo Directory of Professional Retirement Planners
 
National Retirement Planning Experts

National Coverage
Local Professionals

Retirement Planning – Blog

  • Main
  • Retirement Calculators
  • Retirement Planning Tips
  • Retirement Plans
  • 401k Roth Ira
  • More
    • Estate Planning
    • Social Security
    • Retirement Healthcare
Retirement Articles › Retirement Plans › SEP Retirement Plan

SEP Retirement Plan

December 19, 2019
Retirement Planning Insights
501
4 Min Read

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.

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.

Previous Article

Plan for Retirement

Next Article

Key Lessons of Retirement Planning

Avatar photo

Retirement Planning Insights

RetirementPlanning.net is a wholly-owned brand of the Respond.com Inc. ("Respond") family. Respond is registered with the U.S. Securities and Exchange Commission as an investment adviser, and operates through various subsidiaries and brands that provide financial education. RetirementPlanning.net matches and refers investors to qualified financial professionals that have elected to participate in our matching platform.

Related articles More from author

  • 401(k) Catch-Up Changes for 2025
    Retirement Plans

    401(k) Catch-Up Changes for 2025

    March 21, 2025
    Jonathan Dash
  • Retirement Plans

    How to Quantify the Value of Retirement Accounts

    February 16, 2021
    Retirement Planning Insights
  • Retirement Plans

    What You Need to Know About 8 Percent Annuity Return Decision

    September 29, 2020
    Retirement Planning Insights
  • Retirement Plans

    Adjusting Your 2024 Retirement Plan for Income Shortfalls

    February 23, 2024
    Jonathan Dash
  • Retirement Plans

    Retirement Bucket Portfolio and Its Importance

    February 13, 2020
    Retirement Planning Insights
  • The Right Way to Save for Retirement and Avoid Costly Mistakes
    Retirement Plans

    The Right Way to Save for Retirement and Avoid Costly Mistakes

    April 23, 2025
    Jonathan Dash

You might be interested

  • Social Security

    How Much Money You Could Gain By Not Waiting to Claim Social Security Until 70

  • 401k Roth Ira

    Types of Funds to Choose For Your 401(k)

  • Retirement Plans

    Defined Benefit vs. Defined Contribution Retirement Plans

Search for articles

FIND A
FINANCIAL PLANNER

Free Service | No Obligation to Hire

  Your Information is Safe and Secure

Retirement Guide Categories

  • Retirement Planning Tips
  • Retirement Plans
  • 401K/ROTH IRAs
  • Estate Planning
  • Retirement Healthcare
  • Social Security
  • Retirement Calculators

Popular Articles

  • How to Recession-Proof Your Retirement Portfolio
  • How to Protect Your 401(k) from a Market Crash
  • 6 Ways to Protect Your Health Savings from Rising Medical Costs in Retirement
  • Backdoor Roth IRA vs Mega Backdoor Roth IRA
  • The Right Way to Save for Retirement and Avoid Costly Mistakes

Important Retirement Articles

  • States with the Best Elder Care Protections
  • The 10 Most and Least Tax-Friendly States in the US
  • Retirement Plan Calculator
  • Worried About COVID-19? Here's an Estate Planning Checklist to Ensure Everything is in Order
  • Estate and Succession Planning Tips During COVID-19 Pandemic
  • Major Estate Planning Challenges That Are Exposed by Covid-19
wiseradvisor-banner-image

The blog articles on this website are provided for general educational and informational purposes only, and no content included is intended to be used as financial or legal advice. A professional financial advisor should be consulted prior to making any investment decisions. Each person's financial situation is unique, and your advisor would be able to provide you with the financial information and advice related to your financial situation.

  • Home
  • Retirement Planners
  • Retirement Guide
  • About Us
  • Contact Us
  • Privacy
  • Terms
  • FINRA
RetirementPlanning.net is a wholly-owned brand of the Respond.com Inc. ("Respond") family. Respond is registered with the U.S. Securities and Exchange Commission as an investment adviser, and operates through various subsidiaries and brands that provide financial education. RetirementPlanning.net matches and refers investors to qualified financial professionals that have elected to participate in our matching platform. RetirementPlanning.net, Respond, and Respond's other subsidiaries and brands do not manage investor assets or otherwise render investment or financial planning advice beyond the referral of investors to qualified financial professionals. By using this website, you agree to our terms and conditions.

© 2025 RetirementPlanning.net. All Rights Reserved.