Comments on: 7 Things To Know About a SEP IRA

By: James

James — Thu, 07 May 2009 12:02:08 +0000

Can i use sep contributions to purchase stock in the company i work for.It is a privatly held company.

By: * Weekly Highlights: April 12, 2009

* Weekly Highlights: April 12, 2009 — Sun, 12 Apr 2009 14:25:55 +0000

[...] recommend buying individual stocks, but stories like this one is interesting nonetheless.7 Things To Know About a SEP IRA at Good Financial Cents — If you have a SEP IRA account or thinking about setting up one, [...]

By: * SEP IRA Simplified Employee Pension Plan

* SEP IRA Simplified Employee Pension Plan — Wed, 08 Apr 2009 02:04:51 +0000

[...] I have up to April 15, 2009 to contribute to my 2008 SEP IRA.Here’s a good article about 2009 SEP IRA Rules and Limits from a CERTIFIED FINANCIAL PLANNER™ professional.Advantages of SEP IRA Contributions to SEP IRA [...]

By: ce

ce — Thu, 02 Apr 2009 01:32:46 +0000

My husband has a 401(k) with his current employer. He also still holds a SEP and a 401(k) from previous employers. Would it make sense to roll the SEP into his ROTH IRA and roll the old 401(k) into his current one, or just leave them be since they’ve been performing at or above his other accounts? I am unclear as to how these things work. Thanks!

By: PT Money

PT Money — Thu, 19 Mar 2009 15:32:16 +0000

Thanks, Jeff. I love a good trifecta! I will look into pulling this off later in the year after I have my 2009 IRA squared away. PT Money’s last blog post..5 Tips for Optimizing Credit Card Rewards

By: Jeff Rose

Jeff Rose — Tue, 17 Mar 2009 18:06:49 +0000

@ PT. You sure can. Couple things to keep in mind. The threshold that you can contribute to all retirement plans is $49,000. That’s 401k + Roth IRA + SEP IRA added together. Secondly, the amount you’re able to contribute to the SEP IRA is 25% off your self-employment income (after expenses and deductions). For some reason, that’s something that usually goes overlooked. But if you can pull it off, that would be amazing. Essentially, you will be pulling off a trifecta! You are truly in the top 1% of most savers. Keep it up and you’ll be retiring early and living off your investment and blogging income in no time

By: PT Money

PT Money — Tue, 17 Mar 2009 17:27:45 +0000

I’m a full time employee contributing to my 401k, Roth IRA at the max levels. But as you know, I have some income from my blog. Can a SEP IRA be used to defer some of the taxes paid on my blog income?

PT Money’s last blog post..Tuesday Tax Tip: What To Do With An Incorrect 1099 Form