Self-employed Retirement Plans Laconia NH

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.

Claudia Shilo
Ballentine Partners, LLC
(603) 569-1717
55 Mill Street, PO Box 1860
Wolfeboro, NH
Expertises
Cash Flow/Budgets/Credit Issues, Planning Concerns for Corporate Executives, Estate & Generational Planning Issues, Financial Issues Between Generations, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS, MPFP

Susan John
Financial Focus, Inc.
(603) 569-1994
40 Mill Street, PO Box 2250
Wolfeboro, NH
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Financial Issues Between Generations, Planning Issues for Business Owners, Retirement Planning & Distribution Rules, Real Estate Investments
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®

James Fitts
Harvest Capital Management, Inc.
(603) 224-6994
114 North Main Street, Suite 301
Concord, NH
Expertises
Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Planning Issues for Business Owners, High Net Worth Client Needs, Charitable Giving - Trusts & Foundations, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Peter L. Dorfman, CFP®
(603) 528-7775
PO Box 816
Laconia, NH
Firm
LPL Financial
Areas of Specialization
Investment Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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



Data Provided by:
Pauline P Simeonov, CFP®
(800) 221-3970
14 Country Club Rd.
Gilford, NH
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Comprehensive Financial Planning, General Financial Planning, Retirement Income Management, Retirement Planning

Data Provided by:
Roy Ballentine
Ballentine Partners, LLC
(603) 569-1717
55 Mill Street, PO Box 1860
Wolfeboro, NH
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Financial Issues Between Generations, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, ChFc, CLU, MA

Robert Maloney
Squam Lakes Financial Advisors, LLC
(603) 968-2317
31 Coxboro Road-Box 730
Holderness, NH
Expertises
Women's Financial Planning Issues, Planning Issues for Business Owners, Estate & Generational Planning Issues, Financial Issues Between Generations
Certifications
NAPFA Registered Financial Advisor, MSFS

Ms. Cathy Ann Horn, CFP®
(603) 528-2246
19 Gary Cir
Gilford, NH

Data Provided by:
Mr. Richard Vincent Breton, CFP®
(603) 528-5212
617 Main Street
Laconia, NH
Firm
Wedbush Securities, INC

Data Provided by:
Mr. Byron W. Rooks, CFP®
(603) 524-4488
One Mill Plaza
Laconia, NH
Firm
Common Ground Financial

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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