Self-employed Retirement Plans Charleston WV

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.

James Winter
Mountaineer Financial Planning, LLC
(304) 722-2065
410 6th Avenue
St. Albans, WV
Expertises
Cash Flow/Budgets/Credit Issues, Helping Clients Identify & Achieve Goals, College/Education Planning, Middle Income Client Needs, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS, MBA

Mr. Alan M. Moore, CFP®
(304) 348-7081
300 Summers St., 3rd floor
Charleston, WV
Firm
BB&T

Data Provided by:
David Keith Sowards Jr., CFP®
(304) 353-9046
500 Lee St E Ste 300
Charleston, WV
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Service Professionals

Data Provided by:
Mr. Blaise M. Robeson, CFP®
(304) 348-5097
900 Lee St E Fl 3
Charleston, WV
Firm
Huntington Investment Company

Data Provided by:
Mr. Casey J. Robinson, CFP®
(304) 353-3050
500 Lee St E Ste 300
Charleston, WV
Firm
Morgan Stanley Smith Barney

Data Provided by:
Mr. Christopher Heller, CFP®
(304) 353-9035
500 Lee St E Ste 300
Charleston, WV
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Life 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. David S. Long Jr., CFP®
(304) 353-9029
P.O. Box 671
Charleston, WV
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Securities
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. James M. O'Connor, CFP®
(304) 347-2519
500 Lee St E Ste 1100
Charleston, WV
Firm
Merrill Lynch
Areas of Specialization
Estate Planning, Insurance Planning, Long-Term Care, Mortgages, Retirement Planning, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. James M. Witt, CFP®
(304) 346-0441
PO Box 2629
Charleston, WV
Firm
Arnett & Foster
Areas of Specialization
Accounting, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning, Insurance Planning
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. Charles E. Vallandingham Iii, CFP®
(304) 546-4815
330 Association Dr
Charleston, WV
Firm
Ameriprise Financial, Inc.
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Insurance Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

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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