Self-employed Retirement Plans Albert Lea MN

A SEP IRA is a retirement account for self-employed professionals and business owners. For 2008, you are eligible to contribute up to 25% of your adjusted gross income with a cap of $46,000. One of the great benefits of a SEP IRA is that the money goes in pre-tax, grows tax deferred and you are eligible to save much more than if you had a 401.

Mr. Shannon B. Steensma, CFP®
(507) 377-1686
206 N Broadway Ave
Albert Lea, MN
Firm
Northwestern Mutual Financial
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Mr. Randall J. Kramer, CFP®
(507) 437-3523
329 North Main St.
Austin, MN
Firm
Davis Thoen Kramer & Associates
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Roger E. Kahle, CFP®
(507) 437-8581
330 N Main St
Austin, MN
Firm
Raymond James Financial Servic

Data Provided by:
US Bank - Albert Lea Office
(507) 377-6868
331 S Broadway
Albert Lea, MN
Languages
Spanish
Drive Up Hours
Mon 07:30 am to 05:30 pm
Tue 07:30 am to 05:30 pm
Wed 07:30 am to 05:30 pm
Thur 07:30 am to 05:30 pm
Fri 07:30 am to 05:30 pm
Sat 07:30 am to 12:00 pm

Wells Fargo - Austin
(507) 433-1891
501 N Main St
Austin, MN
Type
Branch
Office Hours
Mon-Fri 07:30 AM-06:00 PM
Sat 08:00 AM-02:00 PM
Sun Closed

Matthew J Twedt, CFP®
(641) 592-5200
402 W. Main
Lake Mills, IA
Firm
Twedt Financial Services Inc.
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000



Data Provided by:
Mr. Gregory M. Thoen, CFP®
(507) 437-3523
329 N Main St
Austin, MN
Firm
Ameriprise Financial Services
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable



Data Provided by:
Wells Fargo - Albert Lea
(507) 373-1423
122 E Main St
Albert Lea, MN
Type
Branch
Office Hours
Mon-Fri 07:30 AM-06:00 PM
Sat 07:30 AM-02:00 PM
Sun Closed

US Bank - Austin MN Office
(507) 433-0235
301 N Main St
Austin, MN
Languages
Spanish

US Bank - Austin MN Drive-Up
(507) 433-0271
121 2nd Ave NW
Austin, MN
Languages
Spanish
Drive Up Hours
Mon 07:30 am to 05:00 pm
Tue 07:30 am to 05:00 pm
Wed 07:30 am to 05:00 pm
Thur 07:30 am to 05:00 pm
Fri 07:30 am to 05:00 pm
Sat 07:30 am to 12:00 pm

Data Provided by:

S.E.P. IRA for Solo Business Owners

Q: I recently launched my own business and have been told to set up a S.E.P IRA account. Can you explain what this is and why it is recommended for independent business consultants?

72

 

A SEP IRA is a retirement account for self-employed professionals and business owners. For 2008, you are eligible to contribute up to 25% of your adjusted gross income with a cap of $46,000. One of the great benefits of a SEP IRA is that the money goes in pre-tax, grows tax deferred and you are eligible to save much more than if you had a 401(k). It is important to note that the SEP IRA is just an account, you still have to pick investments (particularly mutual funds) for it. If you are just getting started, a Target Date Retirement Mutual Fund is a great place to start. Just pick one based on the year you would like to retire.


Set as favorite Bookmark Email this Comments (0) Add Comment feedSubscribe to this comment's feed
Write comment You must be logged in to post a comment. Please register if you do not have an account yet. busy

Click here to read more from Single Edition