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SEP IRA Explained: HUGE Tax Savings for Self-Employed Individuals!

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LYFE Accounting

The SEP IRA is a simple way to invest into your retirement while reaping HUGE tax benefits.

Become a Tax Client: https://mycpacoach.com/taxplannings...

The SEP IRA allows business owners to deduct up to $58,000 and put that money towards retirement.

This is thousands of dollars more than the $6,000 contribution limit that a standard traditional or Roth IRA account allows you to deduct.

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So if you are Selfemployed, earning income, and NOT taking advantage of the SEP or Solo 401K, get ready to cut your tax liability and save more money for retirement.

Outline:

Intro: (0:00)
What is a SEP IRA: (1:15)
Benefits of SEP IRA: (2:17)
How a SEP IRA Works: (3:31)
Pros & Cons of SEP IRA: (5:30)

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