Self-employed Retirement Plans Waterville ME

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. Suzanne I Uhl-Melanson, CFP®
(207) 859-8877
Uhl-Melanson Investor Services
Waterville, ME
Firm
Uhl-Melanson Investor Services LLC
Areas of Specialization
Budget Development, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning, Investment Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Roland G. Fournier, CFP®
(207) 877-9450
753 West River Rd
Waterville, ME
Firm
Prime Financial
Areas of Specialization
General Financial Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Alan D. Carey, CFP®
(207) 877-9450
P.O. Box 59
Waterville, ME
Firm
Prime Financial Investments &

Data Provided by:
Mr. John R. Williams Ii, CFP®
(207) 453-5300
43 Western Ave
Fairfield, ME
Firm
Cadaret Grant and Co., Inc.

Data Provided by:
Mrs. Sarah J. Dunckel, CFP®
(207) 622-9009
7 North Chestnut Street
Augusta, ME
Firm
Ameriprise Financial, Inc.
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable



Data Provided by:
Mr. Joseph M. Jabar Jr., CFP®
(207) 660-4100
226 Main St
Waterville, ME
Firm
LPL Financial
Areas of Specialization
Comprehensive Financial Planning, Investment Management

Data Provided by:
Mr. Kenneth P. Viens, CFP®
(207) 660-4100
226 Main St
Waterville, ME
Firm
Kennebec Wealth Management
Areas of Specialization
General Financial Planning

Data Provided by:
Mr. Albert J. Languet Iii, CFP®
(207) 873-2200
129 Silver Street
Waterville, ME
Firm
Golden Pond Wealth Management
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Estate 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. Peter L Mendall, CFP®
(207) 621-2626
320 Water St Fl 4
Augusta, ME
Firm
Raymond James Financial Services, Inc.
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Securities
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Joel D. Davis, CFP®
(207) 622-9009
7 N Chestnut St
Augusta, ME
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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