Self-employed Retirement Plans South Sioux City 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.

Ms. Myra Alley Kingsbury, CFP®
(402) 494-4642
2021 Dakota Ave
South Sioux City, NE
Firm
Ameriprise Financial
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mrs. Gail M. Bivens-Rose, CFP®
(712) 234-4030
302 Jones St Ste 210
Sioux City, IA
Firm
Robert W. Baird & Co. Incorporated
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Intergenerational Planning, Retirement Income Management, Women's Finances
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Dan L. Demarest, CFP®
(712) 277-6607
601 Pierce St
Sioux City, IA
Firm
Security National Bank
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Charitable Giving, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Michael F. Keane, Clu, Chfc, CFP®
(712) 258-8600
325 W 7th St
Sioux City, IA
Firm
Ameriprise Financial Services,Inc.
Areas of Specialization
Asset Allocation, Education Planning, General Financial Planning, Long-Term Care, Retirement Planning, Wealth Management
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mr. Marc A. Geels, CFP®
(712) 224-4651
5764 Sunnybrook Dr
Sioux City, IA
Firm
EFS Group

Data Provided by:
Mr. Robert W. Houlihan, CFP®
(712) 255-3450
4240 Hickory Ln Ste 100
Sioux City, IA
Firm
Houlihan & Associates PC

Data Provided by:
Jay Edward Morrison, CFP®
(712) 234-4043
302 Jones St Ste 210
Sioux City, IA
Firm
Robert W. Baird
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Debt Management, 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: Not Applicable

Data Provided by:
Mr. Kevin A. Keane, CFP®
(712) 258-8600
325 W 7th St
Sioux City, IA
Firm
Ameriprise Financial Services
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Debt Management, Education Planning, Estate Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Medical/Dental Professionals

Data Provided by:
Mr. Joseph R. Mohrhauser, CFP®
(712) 258-5550
522 4th St
Sioux City, IA
Firm
KRP Financial Services LLC
Areas of Specialization
Accounting, Asset Allocation, Business Succession Planning, Divorce Issues, Education Planning, Employee and Employer Plan Benefits, Estate Planning

Data Provided by:
Mr. Joseph D. Kruse, CFP®
(605) 242-3200
330 Oak Tree Lane Ste B
Dakota Dunes, SD
Firm
Kruse Financial Group

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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