Self-employed Retirement Plans Russellville AR

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. Sherri Butala Fusaro, CFP®
(252) 258-4023
1413 Shalimar Circle
Russellville, AR
Firm
Life Transitions Financial Pla
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Debt Management, Education Planning, General Financial Planning, Life Transitions
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Service Professionals

Data Provided by:
Regions Bank - Russellville Main
(479) 964-1230
201 South Denver Ave
Russellville, AR
Type
Branch
Office Hours
M-Th 9:00-4:00
F 9:00-5:00
S CLOSED
Su NA
Drive Up Hours
M-S CLOSED
Su NA

Cynthia Conger
Cynthia L. Conger, CPA, PA
(501) 374-1174
2300 Andover Court, Suite 560
Little Rock, AR
Expertises
Women's Financial Planning Issues, Helping Clients Identify & Achieve Goals, Financial Issues Between Generations, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

Edward Mahaffy
ClientFirst Wealth Management, LLC
(501) 603-0406
1501 N. University, Suite 615
Little Rock, AR
Expertises
Ongoing Investment Management, High Net Worth Client Needs, Tax Planning, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc, MBA

James Ashby
Mustard Seed Financial, LLC
(870) 234-1618
202 S. Pine, Suite 102
Magnolia, AR
Expertises
Retirement Plan Investment Advice, Ongoing Investment Management, Planning Issues for Business Owners, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA

Bank of America - Russellville Downtown
(504) 964-2187
121 South Boulder
Russellville, AR
Type
Banking Center
Services
Banking Center Services: Change Order, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday N/A
Tuesday N/A
Wednesday N/A
Thursday N/A
Friday N/A
Saturday N/A
Sunday N/A
Drive Up Hours
Monday 8:30-5
Tuesday 8:30-5
Wednesday 8:30-5
Thursday 8:30-5
Friday 8:30-6
Saturday 9-12
Sunday Closed

Bank of America
(479) 964-2142
209 West Main Street
Russellville, AR
Type
Banking Center

L. Stephen McNamara
McNamara Financial Planning, LLC
(870) 897-8147
2510 E. Nettleton Avenue, Suite 9
Jonesboro, AR
Expertises
Tax Planning, Estate & Generational Planning Issues, Retirement Plan Investment Advice, High Net Worth Client Needs, Middle Income Client Needs, Investment Advice without Ongoing Management
Certifications
NAPFA Registered Financial Advisor, CPA/PFS

Mary McCraw
The Arkansas Financial Group, Inc.
(501) 376-9051
1001 N. University Avenue, Suite 200
Little Rock, AR
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, College/Education Planning, Newlyweds & Novice Investors, Retirement Planning & Distribution Rules, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, CFP®

Kristina Bolhouse
The Arkansas Financial Group, Inc.
(501) 376-9051
1001 N. University Avenue, Suite 200
Little Rock, AR
Expertises
Advising Medical Professionals, Estate & Generational Planning Issues, Women's Financial Planning Issues, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

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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