Save now for your future.
Tax-deductible contributions. No taxes on investment earnings. Variable contribution amounts. Tax credits. Low administrative costs.
Those are just a few of the many benefits of a SEP (Simplified Employee Pension) IRA.
Employees are eligible to participate if they:
- Are 21 years of age or older
- Have worked with the company in at least three of the past five years
- Received a minimum of $500 in annual compensation
With a SEP, there are no start-up or administration costs, and participants can contribute up to 25% of their wages and compensation.
Since SEP accounts are IRAs, the funds can be invested the same as any other individual retirement account.
Because it’s never to late to save for the future, let Eisenberg Insurance help you open a SEP individual retirement account.