SEP investments
April 24, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
Women have always been self employed. My farm neighbor Wilma sold eggs and supplied our family and most others around her. Todays self employed woman has a myriad of options at her disposal. Yes, she is taxed at a high rate, but has options.
V One option is the SEP IRA. Put pretax money into this retirement vehicle. Advantage: immediate tax benefit. later income during retirement. Restrictions include percent of income and some caps. This option is increasingly important for single business owners as their retirement income is typically lower than men’s.
M It takes discipline to put that money aside, not to spend it, or just let the government take it’s hair cut. Be accountable, preparing for your future.