What Is a SEP IRA? What Are SEP IRA Contribution Limits?

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What Is a SEP IRA? What Are SEP IRA Contribution Limits?

When I was working in Corporate America, in addition to having a 401k retirement plan at work, I had the option of investing in a Traditional or Roth Investment Retirement Account, also referred to as an IRA. But when I was injured and became self employed subsequently, I was exposed to a brand new way to save for retirement through SEP IRA contributions. A SEP IRA is a particular type of Individual Retirement Account (IRA) that business owners and self employed individuals (freelancers included) are allowed to invest in for themselves and the employees of their business.

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