As a business owner, planning for your financial future and your employees is crucial. One effective tool is the Simplified Employee Pension (SEP) IRA. SEP IRAs offer a streamlined and flexible way to save for retirement while providing valuable benefits for your business.
Here’s why SEP IRAs are an excellent choice for your business investment accounts:
SEP IRAs are known for their simplicity. They are easy to establish and maintain, making them an attractive option for small businesses and self-employed individuals.
Contributions made by employers to employees’ SEP IRAs are tax-deductible as a business expense. This can result in significant tax savings for your business.
Employers can determine the contribution amount each year. You can contribute a fixed percentage of each employee’s compensation or make contributions based on the business’s profitability.
SEP IRAs are inclusive, allowing both business owners and employees to participate. This makes them suitable for businesses of all sizes, including sole proprietorships, partnerships, and corporations.
Employee Benefits: Employees benefit from employer-funded contributions, helping them build a retirement nest egg. Unlike other retirement plans, employees are not required to contribute from their earnings.
No Ongoing Administrative Burden: SEP IRAs do not involve complex administrative requirements, reducing the administrative burden on your business.
Attracting and Retaining Talent: Offering a retirement plan like a SEP IRA can enhance your employee benefits package, making your business more attractive to potential hires and aiding in employee retention.
At Taylor Financial, we specialize in assisting businesses in implementing SEP IRAs as part of their investment strategy. Our financial professionals will work closely with you to tailor a plan that aligns with your business goals and supports your employees’ financial futures.
Adam Taylor, CA
Insurance License #0K44193, domiciled in FL
Mike Everritt, CA
Insurance License #4200532, domiciled in FL
Thomas Yannetti
Insurance License #4218984, domiciled in FL
5321 Memorial Hwy, Tampa, Florida 33634
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Securities and investment advisory services offered through qualified representatives of MML Investors Services, LLC, Member SIPC. Taylor Financial is not a subsidiary or affiliate of MML Investors Services, LLC, or its affiliated companies. Supervisory Office 4830 W. Kennedy Blvd., Suite 800 Tampa, FL 33609, (813) 286-2280 The firm is licensed to sell insurance in the following jurisdiction(s): FL, CO, HI, GA, MD, NC, NH, NY, OH, PA, TN, TX, VA, WA. Licensed to sell securities in the following jurisdiction(s): FL, GA, LA, MD, MA, NY, NC, TN, TX.
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