Self Directed IRA Store » self directed ira

IRA Contribution Limits 2010 and 2011

socialoomph — Mon, 18 Apr 2011 07:45:08 +0000

IRA Contribution Limits For several years, the contribution limit for an IRA stayed at $2,000, but policymakers realized that inflation made this limit inadequate for meeting the retirement planning needs of individuals. If you are using IRAs to fund your retirement, there is some good news about the 2010 and 2011 limits. IRA Contribution Limits [...]

Source: SEP IRA Blog

2010 IRA Contribution Limits

socialoomph — Mon, 18 Apr 2011 04:45:14 +0000

IRA Contribution Limits 2010 If you are below 50 years old at the end of 2010: The maximum contribution that you can make to a traditional or Roth IRA is $5,000 or the amount of your taxable wages for 2010, whichever is smaller. This limit can be split between a traditional and a Roth IRA, [...]

Source: SEP IRA Blog

Retirement Ready with the SEP Traditional IRA

socialoomph — Thu, 07 Apr 2011 04:45:13 +0000

A Simplified Employee Pension plan, referred to as a SEP, isessentially a grouping of traditional IRAs managed for employees. The SEP traditional IRA was developed to benefit small businesses and self-employed people, and isfrequently the plan of choice for sole proprietorships, LLCs, S and C corporations, and partnerships. In the small business model , an employee, [...]

Source: SEP IRA Blog

SEP Traditional IRA – Know the Facts

socialoomph — Wed, 30 Mar 2011 04:45:17 +0000

A SEP traditional IRA is a plancreated to let employers contribute to the retirement accounts of their employees through a pre-tax salary reduction. The SEP traditional IRA account is established for each qualified employee, and each employee maintains control of their own account. Self-employed people can establish a SEP account for themselves. The SEP traditional IRA [...]

Source: SEP IRA Blog

SEP IRA Employee – Taking the Extra Advantage

socialoomph — Mon, 28 Mar 2011 04:45:14 +0000

If you are a SEP IRA employee, you have afantastic opportunity to accumulate retirement savings through your employer’s SEP plan. The SEP is a common-sense and solid program particularly intended forsmall companies and the self-employed worker , with the huge advantage oflarger contribution limits. In the small company scenario, the employerdecides the contribution percentage, which must [...]

Source: sep-ira-employee-taking-the-extra-advantage/2011/03/”>SEP IRA Blog

Solid Opportunity for the SEP IRA Employee

socialoomph — Sat, 26 Mar 2011 04:45:14 +0000

If the small company you work for sets up a SEP plan – the Simplified Employee Pension – you, as a SEP IRA employee have an opportunity to be part of asound retirement program that benefits everyone. For the employer, there is a significantlylower cost to establish the account , tax advantages, and the reporting and [...]

Source: SEP IRA Blog

Big Benefits for the SEP IRA Employee

socialoomph — Thu, 24 Mar 2011 04:45:14 +0000

Simplified Employee Pension plans, generally known as SEPs, can provide a good source of retirement earnings bymaking it possible for employers to set aside income in retirement accounts for themselves and for their SEP IRA employee workers. Under the SEP plan, the employer contributes straight to traditional individual retirement plans established for employees, funded through a [...]

Source: SEP IRA Blog

SEP IRA Tax – Finding Savings Shelter

socialoomph — Tue, 22 Mar 2011 04:44:28 +0000

What are yourresponsibilities on SEP IRA tax? SEP IRA funds are taxed at the ordinary income tax rates when the qualified withdrawals are taken after age 59 ½ years old . This is the identical rule that applies to traditional IRAs. Contributions to the SEP plan are deductible, so the contributions can lower a taxpayer’s income [...]

Source: SEP IRA Blog

SEP IRA Tax – Recognize the Advantage

socialoomph — Sun, 20 Mar 2011 04:44:20 +0000

Are theresolid tax benefits to a

Source: sep-ira-tax-recognize-the-advantage/2011/03/”>SEP IRA Blog

SEP IRA Tax – Find Out the Rules

socialoomph — Fri, 18 Mar 2011 04:45:41 +0000

A Simplified Employee Pension plan, generally referred to as a SEP, is a retirement plan established by employers and the self-employedindividual that is also suitable for sole proprietorships, S and C corporations, LLCs, and partnerships. The SEP is an IRA-based account into which employers can make tax-deductible contributions for the benefit of theireligible employees through [...]

Source: sep-ira-tax-find-out-the-rules/2011/03/”>SEP IRA Blog

SEP IRA 2006 – Advantages for the Update

socialoomph — Wed, 16 Mar 2011 06:59:39 +0000

The SEP IRA 2006 contribution limit was $42,000. Today in 2010, that limit has risen to $49,000. In both cases, the amountrepresents 25% of theeligible employee’s yearly compensation, and thatindividual could contribute thelower amount annually to their SEP plan . The employer has the responsibility of determining the percentage of contribution, and is allowed to evaluate [...]

Source: sep-ira-2006-advantages-for-the-update/2011/03/”>SEP IRA Blog

SEP IRA 2006 – Moving Ahead with the Times

socialoomph — Mon, 14 Mar 2011 04:46:28 +0000

There is a pattern of extremely beneficial contribution limits linked with the Simplified Employee Pension, or SEP, that has remained a big feature of the account. The SEP IRA 2006 limit was the same 25% of yearly compensation that it is today, but in 2006 that amount was capped at $42,000. Today the cap is $49,000 [...]

Source: sep-ira-2006-moving-ahead-with-the-times/2011/03/”>SEP IRA Blog

Rules Change from SEP IRA 2006 Limits

socialoomph — Sat, 12 Mar 2011 07:46:46 +0000

There is a pattern to the SEP, or Simplified Employee pension plan. This program was created for the advantage of smaller firms and self-employedpersons, and has always been recognized by the generous contributions permitted. The SEP IRA 2006 employee contribution cap was $42,000 and today it is $49,000. Both amounts represent 25% ofannual compensation, so the [...]

Source: SEP IRA Blog

SEP IRA Retirement Plan – Fits Many Needs

socialoomph — Thu, 10 Mar 2011 07:46:04 +0000

The SEP IRA retirement account wasdeveloped to benefit owners and employees of smallerbusinesses and the self-employed person. The plan is also used by LLCs, S and C corporations, sole proprietorships, and partnerships because of thelower set-up and management expenses and the extremely streamlined reporting requirements. In the smallbusiness model, the employer makes uniform contributions to the [...]

Source: SEP IRA Blog

Why Pick the SEP IRA Retirement Plan?

socialoomph — Tue, 08 Mar 2011 07:45:18 +0000

Having a SEP IRA retirement account offers a safety-net for the employees of smaller businesses that may not have the resources to provide their staff with a more standard plan. Called the SEP, the Simplified Employee Pension is true to its name, being simple to establish and manage , withlower costs for both set up and [...]

Source: SEP IRA Blog

SEP IRA Retirement Plan – Wealth 101

socialoomph — Sun, 06 Mar 2011 07:45:21 +0000

The SEP IRA retirement account is a sound choice for the self-employed worker, still providing a lot of of the benefits enjoyed by the smaller companies who use this plan. The contribution limits are higher . Because the self-employed do not receive wages, their limit on contributions is calculated based on net profits from the business [...]

Source: SEP IRA Blog

What Is the Process? The SEP IRA Withdrawal

socialoomph — Thu, 03 Mar 2011 19:48:47 +0000

If you are searching for a basic low-cost retirement plan , consider the SEP…Simplified Employee Pension plan. A SEP can provide a means to a significant source of retirement income. Developed for smaller firms and self-employed individuals, the SEP enables employers to set asidemoney in retirement accounts for themselves and their qualified employees through pre-tax [...]

Source: SEP IRA Blog

Trusting Savings in a SEP Retirement Account

Self Directed IRA Store — Wed, 02 Mar 2011 15:24:41 +0000

Having a SEP retirement plan is a great alternative for smaller businesses who might not have the resources to present their employees a more conventional option. The Simplified Employee Pension, or SEP retirement plan, makes that possible , at a noticably lower expense and with fewer reporting requirements. There are solid benefits for both the employer and the employees. The plan is basically a group of individual retirement plans grouped together and administered for the business . The employees can monetize their account through a pre-tax salary reduction, deferring a percentage of their salary into the account . The SEP retirement account allows for much higher contributions, so eligible participants could quickly build their retirement savings in a tax-sheltered environment. The benefits are fully vested immediately when they are contributed, making the SEP retirement account portable. Workers who change employers are able to roll their Sep balances into another IRA, or might decide to transfer them to another employer’s qualified retirement program. To bequalified for the SEP retirement account , the employee must be 21 years old, have worked for the company for three of the last five years and been compensated with at least $550 in wages. Most employers decide on a mutual fund company to administer the plan . Each employee can then select their individual investments from the offered funds, relieving the employer from having to make those decisions. Contributions are not required, so the employer can decide on the percentage and frequency of those contributions based on the business’s profitability. A start-up company could start the SEP retirement contributions at a relatively low level , increasing the contribution amount yearly as the company becomes more viable. When economic or business conditions dictate, the contributions can even be put on hold. Portability, flexibility, and high contribution limits make the SEP retirement account a worthy consideration for small business and self-employed considering a plan to secure their financial future.

SEP IRA Withdrawal – Education and Review

socialoomph — Tue, 01 Mar 2011 19:46:03 +0000

Simplified Employee Pension plans,commonly known as SEP, allow small companies toprovide retirement benefits for their employees withlower costs and less reporting requirements than other more conventional retirement plans. The SEP is essentially a group of Traditional individual retirement accounts managed for the benefit of the employees. The SEP account hasvery good benefits for both the [...]

Source: sep-ira-withdrawal-education-and-review/2011/03/”>SEP IRA Blog

Distribution Rules for SEP IRA Withdrawal

socialoomph — Sun, 27 Feb 2011 19:45:10 +0000

A SEP is a kind of individual retirement plan established by employers, self-employed individuals, LLCs, S and C corporations, partnerships and sole proprietorships. This IRA-based account permits employers to make tax-deductible contributions on the behalf of the eligible employees through a pre-tax salary reduction. While the contributions are not taxed when contributed, regular tax responsibilities [...]

Source: SEP IRA Blog