Business

Simplified Employee Pension IRA (SEP IRA)

Simplified Employee Pension IRA (SEP IRA)

A smart retirement solution for the self-employed. Whether you’re a small business owner, contractor, or entrepreneur, a SEP IRA helps you save for the future while enjoying tax benefits today.

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Compare IRAs

Factor

SEP IRA

Traditional IRA

Roth IRA

Consider if

You are self-employed or a small business owner

You prefer money to grow tax-deferred until you retire

You would like additional flexibility for withdrawals, or if you plan to work past age 70

Taxable withdrawal*

True

Tax-free for qualified withdrawals

Age requirements

Employer must contribute for each employee eligible to participate in your SEP, even if they are over age 73

Contribute until you're 73

Contribute at any age

Mandatory withdrawals

Age 73

None

Start saving for your future today!

*Consult a tax professional about your situation.

Example table

Column Title

Cell Value

Rates effective as of: April 3, 2025

{Optional: Insert table disclosure information}

Simplified Employee Pension IRA (SEP IRA)