SEP IRA
RetirementA Simplified Employee Pension IRA allowing self-employed individuals to contribute up to 25% of net earnings, with higher limits than traditional IRAs.
Example
Example: For someone with $300,000 in retirement savings planning to retire at 65, sep ira directly affects their strategy. Since it involves a simplified employee pension ira allowing self-employed individuals to contribute up to, understanding this concept could mean an extra $50,000-$100,000 in retirement assets. Plan with our retirement calculator.