Self-employed Retirement Plans Centerville UT

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.

Thomas Fritz
Wilson Financial Advisors, Inc.
(801) 355-5210
50 South 600 East, Suite 250
Salt Lake City, UT
Expertises
Ongoing Investment Management, Middle Income Client Needs, Retirement Planning & Distribution Rules, Advising Employee Benefit Plan Participants, College/Education Planning, Socially Responsible Investments
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Denise Smith
Financial Planning Office LLC
(801) 466-4101
1308 South 1700 East, Suite 208
Salt Lake City, UT
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Helping Clients Identify & Achieve Goals, Women's Financial Planning Issues, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA

Debra Knotts
Albion Financial Group
(801) 487-3700
812 East 2100 South
Salt Lake City, UT
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Insurance Related Issues, including Annuities, Retirement Planning & Distribution Rules, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, CLU

Paul Winter
Five Seasons Financial Planning
(801) 272-0902
4505 S. Wasatch Blvd., Ste. 290E
Salt Lake City, UT
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Planning Concerns for Corporate Executives, College/Education Planning, Insurance Related Issues, including Annuities
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, EA, MBA

Mr. Kerry G. Judd, CFP®
(801) 815-5544
533 W 2600 S Ste 300
Bountiful, UT
Firm
Berthel Fisher & Company
Areas of Specialization
Business Succession Planning, Divorce Issues, Estate Planning, General Financial Planning, Intergenerational Planning, LGBT Individuals and Couples, Real Estate
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Kent Wilson
Wilson Financial Advisors, Inc.
(801) 355-5210
50 South 600 East, Suite 250
Salt Lake City, UT
Expertises
Planning Issues for Business Owners, Advising Medical Professionals, High Net Worth Client Needs, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CPA

James Zeberlein
Z Financial Planning LLC
(800) 918-1790
2150 S. 1300 E., Suite 500
Salt Lake City, UT
Expertises
Retirement Planning & Distribution Rules, Hourly Financial Planning Services, Estate & Generational Planning Issues, Investment Advice without Ongoing Management, Insurance Related Issues, including Annuities, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

John Bird
Albion Financial Group
(801) 487-3700
812 East 2100 South
Salt Lake City, UT
Expertises
Ongoing Investment Management, Charitable Giving - Trusts & Foundations, Financial Issues Between Generations, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, BA, CFA, CFP®, MBA

Mr. Christopher G. Hedquist, CFP®
(801) 335-8211
500 N. Marketplace Drive
Centerville, UT
Firm
Wealth Navigation, LLC
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Investment Management, Investment Planning, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000



Data Provided by:
Mr. A. Russel Hodgson, CFP®
(801) 296-0330
170 W 400 S Ste B
Bountiful, UT
Firm
Commonwealth Financial Network
Areas of Specialization
Asset Allocation, Investment Planning, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

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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