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Visit Fidelity SEP IRA to compare SEP plans. Additional employer-sponsored retirement plans from Fidelity include self-employed 401(k), PEP 401(k) for small business, and SIMPLE IRA. T. Rowe Price
SEP IRA. A SEP IRA allows the self-employed to create a retirement plan for themselves as well as employees. This kind of plan offers a tax-deferred or tax-free way to save – on either a pre-tax ...
How to open a SEP IRA. Setting up a SEP IRA is simple. Start by filling out and filing IRS Form 5305-SEP. ... Compare SEP IRA custodians before making your choice, though. Review minimum ...
When taking money out of a SEP-IRA, the rules are generally the same as for a traditional IRA. If you withdraw money before age 59.5, you’re typically subject to a 10% early withdrawal penalty ...
Continue reading → The post Simple IRA vs. SEP-IRA appeared first on SmartAsset Blog. Both are vehicles for saving money for your retirement, separated only by their tax treatment.
1. IRAs. Individual retirement accounts (IRAs) are a popular way to save for your golden years. Most top brokerage firms let you use your IRA to buy stocks, bonds, ETFs, and other investments. Be ...