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Sprout IRA - Ethical SEP IRA for your future

Sprout IRA is a reputed company that helps working professionals to set up IRA accounts to plan for their future. Simplified Employee Pension (SEP) IRA is one such account beneficial to self-employed people and business owners with few or no employees. This provides tax breaks and investments grow tax-deferred until retirement for account holders who invest for their future. Certain criteria have to be fulfilled to opt for the SEP-IRA account. To know more about the functioning of SEP IRA visit, https://sproutira.com/

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Sprout IRA - Ethical SEP IRA for your future

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  1. Sprout IRA - Ethical SEP IRA for your future

  2. Contents • Introduction • What is SEP IRA? • Suited for small business owners • Key Benefits • Contact us

  3. Introduction • Planning for your retirement is the most vital part which many people fail to recognize. • There are different types of accounts that you can avail to plan for your future. • One such account type is SEP IRA.

  4. What is SEP IRA ? • Simplified Employee Pension Individual Retirement Arrangement. • It is best suited for Self-Employed people and small business owners with less or no employees. • This account offers tax breaks for people who save money for their future.

  5. Suited for small business owners • An employee who have worked for the past 3 years in a company with above 21 years of age is eligible for this. • If an employee contributes 15% from his salary, the owner must contribute the same for that particular employee. • The equal compensation rule may be a burden, hence it is best suited for small owners.

  6. Key Benefits • SEP IRA contributions are tax-deductible, and investments grow tax-deferred until retirement. • The contribution limit is $57,000 for the year 2020. • Easy to open and maintain the account. • Can be combined with traditional IRA.

  7. Contact us To get more details about the SEP IRA don't forget to visit our website, Sprout IRA Address 2912 Executive Parkway Suite 120 Lehi, Utah 84043

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