Self-employed Retirement Plans Billings MT

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. Thomas A. Morrison, CFP®
(406) 245-5999
742 Grand Ave
Billings, MT
Firm
Ameriprise Financial
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Investment Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $50,001 - $100,000



Data Provided by:
Mr. Dudley H. Shy, CFP®
(406) 655-9228
303 N 28th St
Billings, MT
Firm
Ameriprise Financial Services

Data Provided by:
Mrs. Julie K. Sullivan, CFP®
(406) 255-8700
401 N 31st St Ste 900
Billings, MT
Firm
Morgan Stanley Wealth Management
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $50,001 - $100,000



Data Provided by:
Mr. Brian J. Bentley, CFP®
401 N 31st St Ste 1300
Billings, MT
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Retirement Planning, Wealth Management

Data Provided by:
Mr. Carl A. Hansen, CFP®
(406) 248-7851
208 N Broadway Ste 100
Billings, MT
Firm
DA Davidson & Co
Areas of Specialization
Investment Management, Planning for Couples, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Jim L. Morrison, CFP®
(406) 294-3080
914 Wyoming Avenue
Billings, MT
Firm
Creative Business Strategies,

Data Provided by:
Mr. Stephen Courtney Knudson, CFP®
(406) 238-8900
401 N 31st St Fl 13
Billings, MT
Firm
Morgan Stanley Wealth Management
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Ms. Brenda G. Hittmeier, CFP®
(406) 655-3965
402 N 28th St
Billings, MT
Firm
Stockman Asset Management
Areas of Specialization
Comprehensive Financial Planning, Divorce Issues, Education Planning, Investment Management, Retirement Income Management, Sudden Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Gabriel E Lapito, CFP®
(406) 256-5121
208 N. Broadway
Billings, MT
Firm
Strategic Retirement Plans

Data Provided by:
Mr. John N. Greenfield, CFP®
(406) 690-1446
2212 Spruce St
Billings, MT
Firm
self
Areas of Specialization
Asset Allocation
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
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?

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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.


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