SEP IRA Investing: Beginner’s Guide to Successfully Starting and Investing in SEP IRA Plans

Congratulations on picking up this book and taking time to educate yourself about one of the most powerful wealth building and accumulation vehicles available to the tax paying citizens of the United States.

As a Certified Public Accountant (CPA), I compiled this brief guide on SEP IRA, or the Simplified Employee Pension Individual Retirement Account, because several of my friends and family who are self-employed and business owners kept asking me how to start one and what it entails. After hearing about it from friends and mentioned in media publications repeatedly, they all wanted to know how they can use this medium to accumulate and build wealth over time.

Like I’ve done with other specialized financial topics in the past, I have compiled this guide to efficiently explain how to use this vehicle to accumulate and build wealth to several self-employed business owners out there who may have the same questions.

As an entrepreneur, business owner, Certified Public Accountant and someone who has his own SEP IRA plan, I hope you will find this information helpful and actionable so that you too can take advantage of it immediately.

I wish you all the best

Curt Matsen, CPA

Table of Contents

Foreword
What is a SEP IRA
What Type of Businesses Can Start a SEP IRA?
Why Should You Establish a SEP IRA?
Maximizing Your SEP IRA Contribution
SEP IRA Contribution Example
Eligibility - Employee and Employer Considerations
SEP IRA Contribution Limits
SEP IRA Contribution Limits for the Self Employed
How SEP IRA Contribution Limits and Reduced Rates Play Out
SEP IRA Rules – Plan Establishment, Eligibility, Tax Treatment on Withdrawal & Distributions
Exceptions to the Rule – Avoiding Fines and Penalties
Required Minimum Distributions Rules
How to Establish a SEP IRA Plan?
Disclosure and Disclaimer