Watercooler: Get the facts on simplified employee pensions
A simplified employee pension, or SEP, can provide small businesses and self-employed individuals with a tax-deductible and tax-deferred way to save for retirement.
Several websites offer a range of information and forms related to an IRA-based SEP.
Here is a sampling:
Financial Web • Discusses pros and cons of simplified employee pension plans, at http://bit.ly/dqULQI.
Internal Revenue Service • Covers frequently asked questions, at http://1.usa.gov/X4QoEu.
Investopedia • Provides overview of eligibility, contributions and distributions, at http://bit.ly/11k375A.
TIAA CREF • Overview of how a SEP plan works and its advantages, at http://bit.ly/V8ulqs.
U.S. Department of Labor • Spotlights aspects such as how to establish and operate a plan, at http://1.usa.gov/aHGRM8.