Self-employed Retirement Plans Topeka KS

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.

Randy Clayton
Clayton Financial Services, Inc.
(785) 232-3266
716 S. Kansas Avenue
Topeka, KS
Expertises
Ongoing Investment Management, Advising Employee Benefit Plan Participants, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, CFP®, CLU

Mrs. Elizabeth A. Young, CFP®
(785) 232-3266
716 S. Kansas Ave.
Topeka, KS
Firm
Clayton Financial Services, Inc

Data Provided by:
Mr. James C. Hanna, CFP®
(785) 357-6278
601 S Kansas Ave
Topeka, KS
Firm
Ameriprise Financial
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Retirement Income Management, Tax Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Mark A. Reinert, CFP®
(785) 272-3900
1701 SW Fairlawn Rd
Topeka, KS
Firm
Reinert Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mrs. Barbara J. Heller, CFP®
(785) 232-3266
716 S. Kansas Ave.
Topeka, KS
Firm
Clayton Financial Services, Inc.
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Education Planning, Elder Care, Employee and Employer Plan Benefits, Estate Planning

Data Provided by:
Mr. Keith A. Heckman, CFP®
(785) 354-5327
920 SW Washburn Ave Ste 102
Topeka, KS
Firm
VALIC Financial Advisors
Areas of Specialization
Employee and Employer Plan Benefits, Investment Management, Investment Planning, Life Transitions, Planning for Couples, Retirement Planning, Sudden Wealth Management

Data Provided by:
Mr. Randy J. Clayton, CFP®
(785) 232-3266
716 South Kansas Avenue
Topeka, KS
Firm
Clayton Financial Services, In
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Education Planning, Elder Care, Employee and Employer Plan Benefits, Estate Planning

Data Provided by:
Mr. James N. Reardon, CFP®
(785) 215-8080
1414 SW Ashworth Pl
Topeka, KS
Firm
Peoples Wealth Management LLC

Data Provided by:
Ms. Lisa R. Manley, CFP®
(785) 221-4038
534 S Kansas Ave Ste 1300
Topeka, KS
Firm
Waddell & Reed

Data Provided by:
Mr. Nolan K. Patton Jr., CFP®
(785) 234-5573
534 S. Kansas Ave., Ste. 400
Topeka, KS
Firm
Mize Houser & Company

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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