SEP IRAs
Retirement opportunities plus special tax privileges
Simplified Employee Pension (SEP-IRA) is a written agreement set up by an employer to make contributions toward his or her own retirement and for the retirement of his or her employees. Generally, in 2007 an employer may contribute up to $44,000 or 25% of an employee's compensation (as allowed under the Internal Revenue Code), whichever is less, annually to each qualifying employee's IRA. However, employer contributions in excess of 15% of compensation will be included in the employee's income even though contributions up to $25,000 of compensation will be deductible by the employer.
Grage Financial Group can help you get started to achieve a successful plan.
