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2. A complete guide to SEP IRAs: Why those who are self-employed ...

   www.aol.com/finance/complete-guide-sep-iras-why...

   SEP IRA basics: Make tax-deductible (traditional) or after-tax (Roth) retirement contributions as a self-employed person. Contribute the lesser of 25 percent of your income or $66,000 for 2023 ...

3. SEP-IRA - Wikipedia

   en.wikipedia.org/wiki/SEP-IRA

   SEP contribution limits are computed not from net profit but from net profit adjusted for the deduction for self-employment tax (2019 Form 1040 Schedule C, line 31; 2019 Form 1040, Schedule F, line 34; or 2019 Form 1065, Schedule K-1, box 14, code A). Barring limits, this is half the 15.3% FICA tax, levied on net earnings, which is 92.35% of ...

4. 2023 SEP IRA contribution and income limits: What ... - AOL

   www.aol.com/finance/2023-sep-ira-contribution...

   The SEP IRA has a limit on the annual compensation that is used for figuring retirement plan contributions. For 2023, that limit is $330,000, an increase from $305,000 in 2022. That limit jumps to ...

5. What’s the Difference Between a SEP IRA and a Roth IRA for ...

   www.aol.com/news/difference-between-sep-ira-roth...

   An SEP IRA is basically a retirement plan designed for self-employed individuals and small-business owners. SEP stands for “Simplified Employee Pension.”. Thus, it works almost like a 401 (k ...

6. Individual retirement account - Wikipedia

   en.wikipedia.org/wiki/Individual_retirement_account

   The Tax Reform Act of 1986 phased out the deduction for IRA contributions among workers covered by an employment-based retirement plan who earned more than $35,000 if single or over $50,000 if married filing jointly. Other taxpayers could still make nondeductible contributions to an IRA.

7. Self-directed IRA - Wikipedia

   en.wikipedia.org/wiki/Self-directed_IRA

   A self-directed individual retirement account is an individual retirement account (IRA) which allows alternative investments for retirement savings. Some examples of these alternative investments are real estate, private mortgages, private company stock, oil and gas limited partnerships, precious metals, digital assets, horses and livestock, and intellectual property.

8. Best retirement plans for the self-employed - AOL

   www.aol.com/finance/best-retirement-plans-self...

   SEP IRA. A SEP IRA allows the self-employed to create a retirement plan for themselves as well as employees. This kind of plan offers a tax-deferred or tax-free way to save – on either a pre-tax ...

9. Keogh plan - Wikipedia

   en.wikipedia.org/wiki/Keogh_Plan

   Scenario #1 – A self-employed accountant makes $50,000 per year from her accounting business. Her maximum contribution is 25% of her post-contribution income ($10,000, which would be the same as saying 20% of her gross income), regardless of whether she uses a SEP-IRA, Keogh plan, or SIMPLE 401(k). Since there are less administrative costs ...