Self-employed Retirement Plans Horn Lake MS

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.

Dianne Berry
Berry Financial Services, Inc.
(901) 757-4447
1917 Hazelton Drive
Germantown, TN
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Financial Issues Between Generations, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, MBA

Mr. Chas M Emerson Ii, CFP®
(662) 429-0040
2540 Highway 51 S
Hernando, MS
Firm
Independent Planning Group
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Debt Management, Estate Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. William E. Lloyd Jr., CFP®
(662) 342-5100
8860 Deer Creek Ln
Olive Branch, MS

Data Provided by:
Mr. William D. Billingsley, CFP®
(901) 752-3859
1910 Exeter Rd
Germantown, TN
Firm
Comprehensive Wealth Management
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. William C. Overcast, CFP®
(901) 758-9006
6800 Poplar Avenue
Memphis, TN
Firm
Legacy Wealth Management

Data Provided by:
Mr. Arun K. Kaushal, CFP®
(901) 687-6135
3896 Lamar Ave
Memphis, TN
Firm
Aone Financials Inc
Areas of Specialization
Accounting, Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Cross-Border Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Andrew J Groscost, CFP®
(901) 490-2266
8454 Saddlebrook Trail
Olive Branch, MS
Firm
AJ Groscost, CPA, PLLC
Areas of Specialization
Accounting, Education Planning, Tax Planning, Tax Preparation
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Gary Lee Kieffner Jr., CFP®
(901) 603-8911
6225 Bear Cove South
Olive Branch, MS
Areas of Specialization
Investment Management

Data Provided by:
Mr. Justin M Taylor, CFP®
(901) 435-4179
6750 Poplar Ave Ste 300
Memphis, TN
Firm
Duncan Williams, Inc.

Data Provided by:
Mr. John W. Ueleke, CFP®
(901) 758-9006
6800 Poplar Ave Ste 101
Memphis, TN
Firm
Legacy Wealth Management Corp
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Employee and Employer Plan Benefits, Intergenerational Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

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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