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SEP IRA

(Simplified Employment Pension)

Eligibility

  • Employer-sponsored retirement plan where the employer makes contributions.

Benefits

  • Annual contributions are tax deductible for the employer.
  • Can continue to contribute after the age of 70½.
  • Employee flexibility in controlling the SEP retirement asset.

Features

  • Minimum to Open and Earn Interest: $500.00*
  • Interest cycle is annually or at maturity

*Contribution Limits Apply

**MAGI (Modified Adjusted Gross Income) Limits Apply

Please consult a tax advisor for guidance and comprehensive information about IRA's and other tax-related issues.

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