Self-employed Retirement Plans Norfolk NE

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.

Sherri L Prim, CFP®
(402) 371-1160
125 S. 4th Street
Norfolk, NE
Firm
CBF Wealth Management
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, General Financial Planning, Investment Management

Data Provided by:
Mr. Charles Casey Knake, CFP®
(402) 379-1811
314 N 5th St Ste 400
Norfolk, NE
Firm
Heritage Financial Services
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Business Executives

Data Provided by:
Steven L. Kimes, CFP®
(402) 371-0722
PO Box 1007
Norfolk, NE
Firm
Elkhorn Valley Investments
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Not Applicable

Data Provided by:
Mr. Daniel K. Goeken, CFP®
1303 Andrews Dr Apt A
Norfolk, NE
Firm
Securities America Inc.
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Investment Planning, Retirement Planning

Data Provided by:
Mr. Travis D. Riggert, CFP®
(402) 371-5511
100 N 13th St Ste 310
Norfolk, NE
Firm
Commonwealth Financial Network
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning

Data Provided by:
Mr. Casey R Herbolsheimer, CFP®
(402) 371-7670
PO Box 1007
Norfolk, NE
Firm
Elkhorn Valley Investments
Areas of Specialization
Asset Allocation, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Insurance Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Not Applicable

Data Provided by:
Mr. Jack H. Rother, CFP®
100 N 13th St Ste 310
Norfolk, NE
Firm
CalmWater Financial Group

Data Provided by:
Mr. Terry J. Heimes, CFP®
(402) 371-5511
100 North 13th Street Suite 310
Norfolk, NE
Firm
CalmWater Financial Group
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Charles G. Olsen, CFP®
(402) 371-5511
100 N 13th St Ste 310
Norfolk, NE
Firm
CalmWater Financial Group
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Ryan Blake Anderson, CFP®
(402) 371-5511
100 N 13th St Ste 310
Norfolk, NE
Firm
Commonwealth Financial Network
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Elder Care, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



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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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