The SEP IRA allows you to contribute up to 25% of your compensation, or $69,000 in 2024 and $70,000 in 2025. Remember, you ...

Learn how LLCs can set up a SEP IRA for retirement savings. Understand eligibility, contribution limits, and key considerations for business owners and freelancers.

About 16.5 million people in the U.S. are self-employed, according to 2023 data from the Bureau of Labor Statistics. For many of these workers, planning for retirement has its own quirks and ...

How Does a SEP-IRA Work? A listener named Wasittha asked me the following question: “I’ve been trying to max out my IRA and 401(k). However, I’ll be unemployed next year for a while–hopefully not for ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Marguerita is a Certified Financial Planner ...

A Simplified Employee Pension IRA (SEP IRA) is a traditional IRA for self-employed people and small-business owners. Many, or all, of the products featured on this page are from our advertising ...

Self-employment definitely has an upside. You have a lot more control over your life when you work for yourself. The inevitable trade-off is that you lose the perks that many employees take for ...

A SEP IRA is a tax-advantaged retirement account that’s an especially attractive option for workers who don’t have access to an employer-sponsored plan. The annual contribution limits for an SEP IRA ...

Picking the right retirement savings plan and maximizing retirement savings can be a complex landscape to navigate, but it’s key to staying fiscally fit in the twilight years. Retirement planning is ...