Self-employed Retirement Plans Humble TX

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.

Ms. Charlotte A. Wilson, CFP®
(281) 852-8555
5616 FM 1960 Rd E Ste 250
Humble, TX
Firm
Lake Houston Tax & Bookkeeping

Data Provided by:
Mr. John B. Rogers, CFP®
(281) 465-2203
123 W. Main ST
Humble, TX
Firm
Wells Fargo Advisors

Data Provided by:
Mr. Richard P. Epley, CFP®
(281) 361-6282
1500 Buttercup Ln
Kingwood, TX
Firm
Pangeneric Corporation

Data Provided by:
Mr. Matthew H Prucha, CFP®
(713) 816-6677
1710 W Lake Houston Pkwy Ste 190
Kingwood, TX
Firm
Edward Jones
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Peter B. Roth, CFP®
(281) 973-8816
800 Rockmead Dr Ste 120
Kingwood, TX
Firm
Roth Financial Partners, LLC

Data Provided by:
Mr. Bruce D. Wise, CFP®
(281) 360-9473
1801 Kingwood Dr. #160
Kingwood, TX
Firm
Williams Financial Group of Kingwood
Areas of Specialization
Comprehensive Financial Planning, Divorce Issues, Life Planning, Retirement Income Management, Retirement Planning, Social Security Planning, Sudden Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. O. Douglas Johnson, CFP®
(281) 446-5959
1420 FM 1960 East Bypass Ste 106
Humble, TX
Firm
O. Douglas Johnson, CFP

Data Provided by:
Ms. Geraldine M. Castor-Brooks, CFP®
(713) 419-4409
2303 Villa Creek Dr
Kingwood, TX
Firm
Geraldine M. Castor-Brooks, CPA
Areas of Specialization
General Financial Planning, Small Business Planning, Tax Planning, Tax Preparation
Key Considerations
Profession: Business Executives

Data Provided by:
Christine Elsea Mandojana, CFP®
(202) 657-4875
6 Holley Ridge Dr
Kingwood, TX
Firm
Brenner & Elsea-Mandojana, LLC

Data Provided by:
Mr. Jonathan L. Blakelock, CFP®
(281) 360-3380
4365 Kingwood Dr
Kingwood, TX
Firm
Edward Jones
Areas of Specialization
Comprehensive Financial Planning

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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