Source: IRS.gov A SEP is a simplified employee pension plan. A SEP plan provides employers with a simplified method to make contributions toward their employees’ retirement and to their own retirement. Contributions are made directly to an Individual Retirement Account or Annuity (IRA) set up for each employee (a SEP-IRA). Simplified Employee Pension (SEP) plans …
A Roth IRA (individual retirement account) is similar to a traditional retirement account. Instead of investing with pre-tax dollars, a Roth uses after-tax dollars. Similar to traditional IRA accounts, a Roth IRA can be opened at a local bank or other financial institution. In order to take full advantage of nontraditional investments like private equity …
A traditional IRA (individual retirement account) is an account that is used to save pre-tax dollars for use in retirement. An individual can open an account at several financial institutions; however, to take full advantage of nontraditional investment options, a self-directed IRA must be established. A true self-directed account is different from one that is …
A self-directed IRA is a nontraditional retirement account that allows individuals to invest in alternative investment options typically not allowed within traditional retirement plans. This allows individuals the ability to select from a broader spectrum of investments providing a well-diversified retirement portfolio. Consider this, not all self-directed accounts are considered equal. Many of the mainstream …
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