Self-employed Retirement Plans Millsboro DE

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.

Christine Falvello
Navigate Financial Advisors
(302) 537-2207
36358 Redstart Court, Bay Forest
Ocean View, DE
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, Planning Issues for Unmarried & Same-Sex Couples, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, MS, EdM

Mr. John D. Simeone, CFP®
(302) 645-8592
34346 Carpenters Way
Lewes, DE
Firm
Fulton Financial Advisors
Areas of Specialization
Estate Planning, General Financial Planning, Investment Planning, Long-Term Care, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000



Data Provided by:
Mr. Theodore A. Fischer Ii, CFP®
(302) 841-9812
33695 Baylis Dr
Lewes, DE
Firm
Fischer & Hutchinson Wealth Advisors, LLC

Data Provided by:
Mr. Robert E. Bunting, CFP®
(302) 841-1027
PO Box 862
Selbyville, DE
Firm
M & T Bank
Areas of Specialization
Accounting, Banking, Budget Development, Comprehensive Financial Planning, Debt Management, General Financial Planning, Mortgages
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Business Executives

Data Provided by:
Mr. Steven E Cooper, CFP®
(302) 227-5148
19535 Camelot Drive
Rehoboth Beach, DE
Firm
Merrill Lynch
Areas of Specialization
Asset Allocation, Estate Planning, Investment Management, Retirement Planning, Special Needs Planning, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Burwell Hutchinson
Fischer & Hutchinson Wealth Advisors, LLC
(302) 644-3540
404 E. Savannah Road
Lewes, DE
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Planning Concerns for Corporate Executives, Real Estate Investments, Estate & Generational Planning Issues, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA

Mr. Donald C. Birch, CFP®
(302) 644-6623
18344 Coastal Hwy
Lewes, DE
Firm
Morgan Stanley Wealth Management
Areas of Specialization
Estate Planning, General Financial Planning, Investment Planning, Securities
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Ms. Kathleen M. Ryan, CFP®
(302) 856-6664
13 Bridgeville Road
Georgetown, DE
Firm
KMR Financial Network, LLC

Data Provided by:
Mr. Alexander G. Yearley, CFP®
(302) 227-2939
39 Baltimore Ave
Rehoboth Beach, DE
Firm
Community Pride Financial
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $100,000 or less

Average Income: $50,000 or less

Profession: Not Applicable

Data Provided by:
Mr. William A Brooks Sr., CFP®
(302) 258-4668
7 Green Haven Ct
Rehoboth Beach, DE
Firm
CUProsper
Areas of Specialization
Accounting, Asset Allocation, Banking, Budget Development, Comprehensive Financial Planning, Debt Management, Divorce Issues

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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