SEP IRA Rules

• The SEP IRA is a retirement plan designed to benefit self employed individuals and small business owners. Sole proprietorships, S and C corporations, partnerships and LLCs qualify
   
• The SEP IRA has a maximum contribution limit of $49,000 for 2009 ($46,000 in 2008).
   
• Contributions to a SEP IRA are generally 100% tax deductible.
   
• Contributions to a SEP IRA are made exclusively by the employer. Employees do not contribute.
   
• Withdrawals from a SEP IRA are permitted after age 59 1/2 without penalty.

SEP IRA Rules and Frequently Asked Questions

Learn more about SEP IRA FAQs and SEP IRA rules.

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Disclosures:

* The information on this page is for informational purposes only and does not constitute, and should not be construed as, professional, legal or tax advice. To determine your individual tax situation and specific needs, please consult a professional tax advisor.

* Information contained in these sections merely highlight some benefits. There are risks involved with all investments that could include tax penalties and risk/loss of principal.