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SEP - A Simplified Employee Retirement Investment Plan

SEP investment is the best and favorite investment plan for employers. The employers must establish a Traditional IRA to make contributions. It follows the same distribution, investment, contribution and deduction rules of Traditional IRA. The contributions made to this plan are tax deductible and not exceed the limit of 25 percent compensation. One of the leading SEP account providers known as Sprout IRA helps small and large businesses to create a SEP account, manage and also suggest the investment ideas according to the business. For more details about SEP Investment, visit their website at https://sproutira.com/

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SEP - A Simplified Employee Retirement Investment Plan

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  1. SEP-ASIMPLIFIED EMPLOYEE RETIREMENT INVESTMENTPLAN

  2. Contents Simplified Employee Pension Eligibility Contribution Withdrawal Contact Us

  3. Simplified Employee Pension A Simplified Employee Pension (SEP) is a retirement investment plan thatcan be established by employers or self- employedindividuals. It is a favorite plan for smallbusiness owners since the eligibility requirements islow. SEP works same as TraditionalIRA and the rules are alsosame.

  4. Eligibility Must be a minimum of 22 years ofage. Worked at least 3 years for theemployer. Received a minimum of 600 dollar compensation from theemployer.

  5. CONTRIBUTIONS CONTRIBUTION LIMIT CONTRIBUTION ACCOUNT CONTRIBUTION DEPOSIT The contributionmade by employee cannot exceed 25 percent or 56,000 dollars of employee compensation. To receive contributions, the Traditional IRAmust be renamed as SEP IRA. The SEP contribution amountdepositedonly in the Traditional IRA account.

  6. WITHDRAWAL • SEP contributions can be withdrawn atany time. • A 10 percent of additional tax applieswhen making a withdrawal before 59½age. • It can be easily combined with other IRA's and retirement plans to make it as atax-free withdrawal.

  7. CONTACTUS To know more information about SEP Investment, Visit Sprout IRA. EMAIL ADDRESS support@sproutira.com PHONE NUMBER +1 855 6089424

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