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SEP IRA
What Is a SEP IRA?
A simplified employee pension (SEP) allows an employer to make deductible contributions for the benefit of participating employees. The contributions are made to individual retirement arrangements (IRAs) set up for participants in the plan. They are sometimes used instead of Keogh retirement plans because they have fewer administrative and tax filing requirements. There are rules relative to contributions and penalties for premature distributions. For more information, contact us.
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