Self-employed Retirement Plans Tiverton RI

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.

Rebecca Preston
Preston Financial Planning
(401) 421-1777
251 Olney Street
Providence, RI
Expertises
Middle Income Client Needs, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®

Ms. Sandra Reynolds, CFP®
(508) 636-6521
1125 State Rd
Westport, MA
Firm
Financial Planning Alternative

Data Provided by:
Raymond E Berberick Jr., CFP®
(401) 682-2007
1016 East Main Rd.
Portsmouth, RI
Firm
Edward Jones

Data Provided by:
Ms. Asta Muldoon, CFP®
(508) 837-6443
275 Martine St Ste 302
Fall River, MA
Firm
Ameriprise Financial Services,
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Investment Management, Retirement Income Management, Retirement Planning, Risk Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Joseph D. Souza, CFP®
(508) 837-6443
275 Martine St
Fall River, MA
Firm
Ameriprise Financial Services

Data Provided by:
Lynne Nahigyan
Seamark Financial Services, Inc.
(508) 758-6159
109 Fairhaven Road, Suite F
Mattapoisett, MA
Expertises
Estate & Generational Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. John A. Varao, CFP®
(508) 678-4844
435 Columbia St
Fall River, MA
Firm
The Tax Consultants Inc
Areas of Specialization
Accounting, Employee and Employer Plan Benefits, General Financial Planning, Retirement Planning, Small Business Planning, Tax Planning, Tax Preparation

Data Provided by:
Mr. Neal Borges, CFP®
(508) 837-6443
275 Martine St.
Fall River, MA
Firm
Ameriprise Financial Services,
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Employee and Employer Plan Benefits, General Financial Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Scott D. Illingsworth, CFP®
(508) 916-2480
275 Martine St
Fall River, MA
Firm
Ameriprise Financial Services, Inc.

Data Provided by:
Ms. Cheryl J.C. Blanchard, CFP®
(508) 916-2480
275 Martine St
Fall River, MA
Firm
Ameriprise Financial Services

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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