The SEP IRA is a simple way to invest into your retirement while reaping HUGE tax benefits.
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The SEP IRA allows business owners to deduct up to $58,000 and put that money towards retirement.
This is thousands of dollars more than the $6,000 contribution limit that a standard traditional or Roth IRA account allows you to deduct.
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So if you are Self-employed, earning income, and NOT taking advantage of the SEP or Solo 401K, get ready to cut your tax liability and save more money for retirement.
Outline:
Intro: (0:00)
What is a SEP IRA: (1:15)
Benefits of SEP IRA: (2:17)
How a SEP IRA Works: (3:31)
Pros & Cons of SEP IRA: (5:30)
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