Simplified Employee Pension Plans (SEP) are retirement plans designed for small companies or the self-employed meaning any type of business or professional practice with few employees. They are similar to SIMPLE plans in that SEPs offer tax-deferred investing, require minimal paper work and are relatively inexpensive to administer and run. Advantages: A SEP is simple [...]

Many potential clients have asked about SIMPLE reirement plans. Below, I will explain them in simple to understand language. SIMPLE stands for “Savings Incentive Match Plan for Employees” (SIMPLE). It was set up to provide a retirement plan for companies with 100 or fewer employees. It is designed for small companies and for the self-employed, [...]