By Investment U Research Team How a SEP IRA Works
An individual retirement account (IRA) is a type of tax-advantaged account you can use to save money for your retirement. With a simplified employee pension (SEP) IRA, you can enjoy having an IRA that works for self-employed workers as well as traditional workers. After an employer sets up the account, they can make contributions for all of their eligible employees.
Many people love using SEP IRAs because of how easy they are to set up. At a company like Vanguard, it takes just a few minutes to create an account. Once the appropriate paperwork and identification …read more
