SEP IRA Explained: HUGE Tax Savings for Self-Employed Individuals!
LYFE Accounting LYFE Accounting
443K subscribers
30,064 views
0

 Published On Apr 14, 2021

The SEP IRA is a simple way to invest into your retirement while reaping HUGE tax benefits.

Become a Tax Client: https://mycpacoach.com/tax-planning-s...

The SEP IRA allows business owners to deduct up to $58,000 and put that money towards retirement.

This is thousands of dollars more than the $6,000 contribution limit that a standard traditional or Roth IRA account allows you to deduct.

Subscribe: https://bit.ly/2HJlq46

So if you are Self-employed, earning income, and NOT taking advantage of the SEP or Solo 401K, get ready to cut your tax liability and save more money for retirement.

Outline:

Intro: (0:00)
What is a SEP IRA: (1:15)
Benefits of SEP IRA: (2:17)
How a SEP IRA Works: (3:31)
Pros & Cons of SEP IRA: (5:30)

Subscribe to watch my next video on Solo 401ks: https://bit.ly/2HJlq46

Interested in talking with someone from our team? Sign up to get notified when we are accepting new clients here: https://lyfeaccounting.com/coming-soon/

show more

Share/Embed