Self-employed Retirement Plans Manhattan KS

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.

Mr. Douglass R. Wiley, CFP®
(785) 537-7200
800 Poyntz Avenue
Manhattan, KS
Firm
The Trust Co of Manhattan
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Estate Planning, Investment Management, Retirement Planning, 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. Dustin L. Furrey, CFP®
(785) 537-0366
1011 Poyntz Ave
Manhattan, KS
Firm
Keating & Associates, Inc.
Areas of Specialization
Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Justin W. Nichols, CFP®
(785) 236-8150
117 N. 14th St.
Manhattan, KS
Firm
Nichols Financial Advice
Areas of Specialization
Asset Allocation, Budget Development, Debt Management, Education Planning, Employee and Employer Plan Benefits, General Financial Planning, Investment Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Ms. Estoria M. Maddux, CFP®
(785) 532-1940
313 Justin Hall
Manhattan, KS
Firm
Kansas State University
Areas of Specialization
Budget Development, Comprehensive Financial Planning, Debt Management, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Daniel F. Seemann, CFP®
(785) 537-0497
1121 Hudson Ave Ste B
Manhattan, KS
Firm
First Command Financial Planning
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Debt Management, Education Planning, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: $100,000 or less

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

Profession: Government Employees

Data Provided by:
Elias K Sallman, CFP®
(785) 537-7200
PO Box 1806
Manhattan, KS
Firm
The Trust Company
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Insurance Planning, Investment Management, Investment Planning, Securities
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Richard G. Kramer, CFP®
(785) 539-0110
604 Humboldt St
Manhattan, KS
Firm
Kramer Capital Management
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Investment Management, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Ms. Lucy L. Williams, CFP®
(785) 537-7200
800 Poyntz Avenue
Manhattan, KS
Firm
The Trust Company of Manhattan
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Education Planning, Elder Care, Estate Planning, Investment Management, Life Transitions
Key Considerations
Average Net Worth: $5,000,001 or more

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

Profession: Business Executives

Data Provided by:
Dawn Cherie Hackerott, CFP®
2021 Vanesta Pl Ste B2
Manhattan, KS
Firm
Edward Jones

Data Provided by:
Charles Jay Merrill, CFP®
(785) 776-9234
3206 Kimball Ave
Manhattan, KS
Firm
Edward Jones

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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