SEP IRA: Is this the best retirement plan for small business owners?
HTML-код
- Опубликовано: 11 июл 2024
- Is the SEP IRA the best retirement plan for small business owners? Let's take a look at the rules and regulations of the SEP IRA to help you figure out if this is the right retirement plan for you.
0:00 Intro
0:35 Setup Process
0:57 IRS form 5305-SEP
1:04 SEP IRA Employee Eligibility Requirements
2:34 IRS form 5498
2:54 Contribution Limits
3:38 Catch-Up Contributions
4:08 Investment Options
4:48 Traditional IRA and Roth IRA income limits
7:02 SEP IRA contribution formula
9:15 Contribution rates Publication 560
10:41 Roth IRA + SEP IRA
13:58 Is the SEP IRA the retirement plan for you?
/////////////////////////////////////////////////
Get answers FASTER...
Join this channel to get access to perks:
/ @travissickle
Chat on discord:
Join Link / discord
Support on Patreon:
/ travissickle
Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U
-----------------------------------------------------
Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE bit.ly/2Fo21Ry
Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you.
TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP®
CERTIFIED FINANCIAL PLANNER™
Company Website: www.sicklehunter.com
twitter: @travissickle
Instagram: / travistsickle
facebook: / sicklehunterfa
LinkedIn: / travissickle
Sickle Hunter Financial Advisors
1646 W Snow Ave.
Suite 144
Tampa, FL 33606
-------------------------------------------------------
Gear Used in Videos bit.ly/3bUPvXP
Partnership referral links
Aura Identity Theft Protection Up to 50% off HTTPS://www.aura.com/travis
Bitcoin IRA bitcoinira.pxf.io/75aJQQ
bit.ly/3OPpmjZ
All Amazon links are affiliate links
____________________________________________________________________________
Information in this video is for educational and entertainment purposes only.
sicklehunter.com/disclosures
____________________________________________________________________________
#travissickle
![How to calculate SELF EMPLOYMENT TAX deduction for retirement plans [SEP IRA + Solo 401k]](http://i.ytimg.com/vi/m5sxc_jJGt0/mqdefault.jpg)
![How to calculate SELF EMPLOYMENT TAX deduction for retirement plans [SEP IRA + Solo 401k]](/img/tr.png)
0:00 Intro
0:35 Setup Process
0:57 IRS form 5305-SEP
1:04 SEP IRA Employee Eligibility Requirements
2:34 IRS form 5498
2:54 Contribution Limits
3:38 Catch-Up Contributions
4:08 Investment Options
4:48 Traditional IRA and Roth IRA income limits
7:02 SEP IRA contribution formula
9:15 Contribution rates Publication 560
10:41 Roth IRA + SEP IRA
13:58 Is the SEP IRA the retirement plan for you?
Dude, just discovered your videos. As a new independent contractor, your videos are super super helpful. 👏👍🙌
I really appreciate you take time to answer every question so it’s help. Thank you.
Thank you.
Great in-depth video! Being self-employed I just opened a SEP IRA. I was wondering if my wife who has a side hustle could also open a SEP IRA for herself? We file our taxes jointly.
Yes, she can. It’s on the business side so it doesn’t matter how you file. Also consider a solo 401k.
@@TravisSickle Could I have both a SEP IRA and Solo 401K?
Travis - how to convert SEP IRA to ROTH IRA ? Happy New Year!
Downside to ROTH IRA. can't contribute big amount.
@@johndavis8669 U got that right!
if i am s-corp with myself running my payroll and w2 when do i contribute to my SEP IRA. ? every payroll or end of the year
The SEP IRA is employer only funded and can be deposited anytime before you file your s-corp tax return.
This is probably the best plan for self-employed without needing a big amount to open an Annuity.
ruclips.net/user/shortsofTjSz1bwIA
Is there any employer only contribution plan for small businees?
Yes
Could you please share here? I mean business doesn’t need to contribute for employees.
@kunalamin8 join the discord chat, link in description
If I built a business that was automated and everyone knew what their duty was, then I could make money in my sleep. That's the Holy grail, right?
sure