Self-employed Retirement Plans Vicksburg MS

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.

Capital One
(318) 329-2768
500 East Askew Street
Tallulah, LA
Type
Branch
Services
Walk-Up ATM Branch Drive-Up Safe Deposit Box
Office Hours
Sun , Mon 9 AM - 5 PM, Tue 9 AM - 5 PM, Wed 9 AM - 5 PM, Thu 9 AM - 5 PM, Fri 9 AM - 5 PM,
Drive Up Hours
Sun , Mon 8:15 AM - 5 PM, Tue 8:15 AM - 5 PM, Wed 8:15 AM - 5 PM, Thu 8:15 AM - 5 PM, Fri 8:15 AM - 5 PM,

John Bergland, Jr.
Bergland Wealth Management, Inc.
(601) 956-5181
PO Box 1318
Ridgeland, MS
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Advising Medical Professionals, Ongoing Investment Management, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, M.Div.

Mr. Erskine W. Wells Jr., CFP®
(601) 957-7700
P. O. Box 2789
Ridgeland, MS
Firm
Erskine Wells

Data Provided by:
Mr. Stanley Paul Purvis, CFP®
(601) 326-1211
1020 Highland Colony Parkway, Ste 400
Ridgeland, MS
Firm
HORNE Wealth Advisors
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Estate Planning, Investment Management, Investment Planning, Retirement Planning

Data Provided by:
Margaret Mclarty, CFP®
(601) 321-5000
409 W Parkway Pl
Ridgeland, MS
Firm
Wells Fargo Advisors
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Elder Care, General Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Martin Mesecke
Self Worth Financial Planning LLC
(662) 452-0525
2206 Anderson Road
Oxford, MS
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

Tiffany Ballard
Bergland Wealth Management, Inc.
(601) 956-5181
PO Box 1318
Ridgeland, MS
Expertises
Cash Flow/Budgets/Credit Issues, Advising Medical Professionals, Ongoing Investment Management, Retirement Planning & Distribution Rules, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®

Mr. Dudley M. Barnes, CFP®
(662) 627-2225
252 Sunflower Ave
Clarksdale, MS
Firm
Barnes Pettey Financial Adviso
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Medical/Dental Professionals

Data Provided by:
Mr. Garron Marcus Penland (RFC®), LUTCF
(404) 966-5616
609 Silverstone Dr
Madison, MS
Company
Penland Financial Group
Qualifications
Education: Graduate Anderson CollegeAmerican CollegeCurrently working on my ARM designation
Years of Experience: 16
Membership
IARFC
Services
Invoice, Business Planning, Portfolio Management, Executive Compensation Planning, personal Coach, Retirement Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Healthcare Accounts, BuySell, LiabCover, Compensation Plans

Data Provided by:
Mr. Sal E. Crespo, CFP®
(228) 731-6600
6721 Washington Ave
Ocean Springs, MS
Firm
Allstate Insurance Company
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

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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