A simplified employee pension, or SEP, can provide small businesses and self-employed individuals with a tax-deductible and tax-deferred way to save for retirement.
Several websites offer a range of information and forms related to an IRA-based SEP. Here is a sampling:
• Financial Web: Discusses pros and cons of simplified employee pension plans. .html
• Internal Revenue Service: Covers frequently asked questions regarding simplified employee pension plans. /Retirement-Plans-FAQs-regarding-SEPs
•Investopedia: Provides overview of SEP plan eligibility, contributions and distributions.
• TIAA CREF: Overview of how a SEP plan works and its advantages. /education/saving-for-retirement/understanding-iras/sep_ira/
• U.S. Department of Labor: Spotlights various aspects of a SEP plan, including how to establish and operate one.
McClatchy-Tribune News Service
