Self employed and small business retirement plans

SEP  |  SIMPLE  IRAs

SEP Simplified Employee Pension 

individual retirement plans that can provide a significant source of income at retirement by allowing employers to set aside money in retirement accounts for themselves and their employees

 

a SEP does not have the start-up and operating costs of a conventional retirement plan and allows for a contribution of up to 25 percent of each employee's pay up to $61,000 for 2022

learn more

SIMPLE Savings Incentive Match Plan
for Employees

allows employees and employers to contribute to traditional IRAs set up for employees and is ideally suited as a start-up retirement savings plan for small employers not currently sponsoring a retirement plan

 

you can put all your net earnings from self-employment in the plan: up to $14,000 in 2022, plus an additional $3,000 if you're 50 or older, plus either a 2% fixed contribution or a 3% matching contribution

learn more