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Whats a SEP plan?

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Whats a SEP plan?

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A simplified employee pension (SEP) plan is exactly that – a simpler way for small businesses to offer a retirement plan to their employees. A SEP plan allows you, the employer, to make contributions to your own traditional IRA and those of your employees instead of establishing a complex retirement plan. SEP plans are inexpensive and easy to administer. Plus, your employees pay no taxes on their SEP accounts until they withdraw their funds.

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