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Simplified Employee Pension (SEP) Plans can provide a significant source of income at retirement by allowing employers to set aside money in retirement accounts for themselves and their employees.
Self-employed people find this a good option
Small business owners help themselves and their employees save, too
SEP Plans follow the same investment, distribution, and rollover rules as Traditional IRAs
As with any retirement account, consult a trusted professional at Monterra Credit Union, a tax advisor, or an attorney*. They're a great retirement savings option if you're a sole proprietor, freelancer or small business owner.
* Monterra Credit Union does not provide tax advice. Please consult with your tax or legal advisor to determine how this information may impact your own situation. The information on this site should not be relied upon as investment advice or solicitation. Statements of fact are considered reliable but no representation or warranty is made as to their completeness or accuracy.