Watercooler: Get the facts on simplified employee pensions


Published: December 2, 2012 01:39AM
Updated: April 8, 2013 11:31PM

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.