SEP IRA for retirement in 2022 ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP® CERTIFIED FINANCIAL PLANNER™ Company Website: twitter: @travissickle Instagram: Facebook: LinkedIn: Sickle Hunter Financial Advisors 1646 W Snow Ave. Suite 144 Tampa, FL 33606 ------------------------------------------------------- Gear Used in Videos Income Protection: You have a 1 in 4 chance of becoming unable to work due to disability. Your Breeze Disability Insurance policy will replace part of your lost income if and when you need it. Apply here Partnership referral links Aura Identity Theft Protection *Up to 50% off* HTTPS://www.aura.com/travis Seeking Alpha 50% Discount All Amazon links are affiliate links ____________________________________________________________________________ Information in this video is for educational and entertainment purposes only. sicklehunter.com/disclosures ____________________________________________________________________________ #travissickle...(read more)
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As 2022 approaches, it's time to start thinking about setting aside money for retirement. One popular option is the SEP IRA, or Simplified Employee Pension Individual retirement account. A SEP IRA allows small business owners and self-employed individuals to contribute up to 25% of their net self-employment income, up to a maximum of $58,000 in 2021, towards their retirement. Contributions are tax-deductible and the earnings on investments grow tax-deferred until withdrawal. One of the biggest benefits of a SEP IRA is its simplicity. It's easy to set up and maintain, and there are no annual filing requirements. This makes it a great option for those who want to focus on their businesses without worrying about complex retirement planning. Another advantage of a SEP IRA is that it has higher contribution limits than traditional IRAs or Roth IRAs. This means you can potentially save more for retirement each year, helping you meet your long-term financial goals. However, it's important to note that a SEP IRA is designed to benefit the employee, so all eligible employees must receive the same percentage of contribution from the employer. This can limit the usefulness of a SEP IRA for businesses with a large number of employees or more complex retirement needs. In addition, a SEP IRA has the same withdrawal rules as a traditional IRA, meaning you'll face taxes and possibly penalties if you withdraw funds before age 59 1/2. This can make it more difficult to access your money if you need it before you retire. Overall, a SEP IRA can be a great option for small business owners and self-employed individuals looking to save for retirement. With its high contribution limits and easy setup, it's a simple yet effective way to plan for the future. As you prepare for 2022, consider incorporating a SEP IRA into your retirement savings strategy. https://inflationprotection.org/sep-ira-for-retirement-in-2022-shorts/?feed_id=76707&_unique_id=6407dc1f88873 #Inflation #Retirement #GoldIRA #Wealth #Investing #retirementplanfor30yearold #retirementplanfor40yearold #retirementplanning #selfemployedtaxes #selfemployed #sepira #smallbusinessretirement #smallbusinesstips #travissickle #SEPIRA #retirementplanfor30yearold #retirementplanfor40yearold #retirementplanning #selfemployedtaxes #selfemployed #sepira #smallbusinessretirement #smallbusinesstips #travissickle
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