SEP-IRA stands for a Simplified Employee Pension Individual Retirement Arrangement. It provides business owners a method to contribute toward their employees' retirement as well as their own retirement savings.
A SEP-IRA can still be opened and funded for 2017 if done so before the 2018 tax deadline. For some people this may be a great option.
Jerrid Sebesta and I talked about the details of a SEP-IRA and who might benefit the most on our latest episode of "True Wealth" Radio on KWLM.
For more information from the IRS on SEP-IRAs click here.
If you have questions about a SEP-IRA and your retirement plan, please, give us a call at 222-4236.