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SEP-IRA

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AcronymDefinition
SEP-IRASimplified Employee Plan - Individual Retirement Account


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Then, on top of that, you can set aside 20 to 25 percent of net business income similar to the SEP-IRA rules above.
SEP-IRA A SEP-IRA plan may be particularly suitable for your business if your company's profits vary from year to year or if you are looking for flexibility to change the contribution each year.
The two terms SEP and SEP-IRA are commonly used interchangeably to denote the same account held by the employee.
 
 
 
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