Self-employed Retirement Plans West Memphis AR

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.

Dianne Berry
Berry Financial Services, Inc.
(901) 757-4447
1917 Hazelton Drive
Germantown, TN
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Financial Issues Between Generations, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, MBA

Ms. Tanya L. Hart, CFP®
(901) 579-2721
300 Court Ave
Memphis, TN
Firm
First Tennessee Bank

Data Provided by:
Mr. William E. Davis, CFP®
(888) 532-0560
119 South Main Street
Memphis, TN
Firm
The Options Group, LLC
Areas of Specialization
Investment Management
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. Randal E. Ellzey, CFP®
(901) 372-0375
2755 summer oaks drive
bartlett, TN
Firm
randal e. ellzey, cpa, pc

Data Provided by:
Ms. Carol Lee Royer, CFP®
(901) 767-9187
5188 Wheelis Dr
Memphis, TN
Firm
Waddell & Associates Inc

Data Provided by:
Mr. Micah J. Coleman, CFP®
(870) 735-9619
P O Box 1685
West Memphis, AR
Firm
Colemans Insurance Agency

Data Provided by:
Mr. Jason B Frazier, CFP®
(901) 578-4615
50 N Front St Fl 18
Memphis, TN
Firm
Raymond James & Associates, Inc.

Data Provided by:
Mr. Scott W Foster, CFP®
(901) 327-0057
748 Charles Pl
Memphis, TN
Firm
Foster Accountancy Inc

Data Provided by:
Mr. Chris M. Brandon, CFP®
(901) 377-9772
6328 Acorn Dr
Bartlett, TN
Firm
Aul Financial Group, LLC.

Data Provided by:
Mr. E. Denby Brandon Iii, CFP®
(901) 324-6600
PO Box 770870
Memphis, TN
Firm
Brandon Financial Planning Inc
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:
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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