Other IRA’s

What is a SEP IRA

A SEP IRA stands for Simplified Employer Pension Individual Retirement Account plan. That is some name, and practitioners usually refer to these plans as SEPs for short. This type of plan was created for small business owners and self-employed workers. These plans were established to allow the small business owner or self-employed worker to set […]

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What is a Spousal IRA?

What is a Spousal IRA? The single wage earner family is at a severe disadvantage when it comes to saving for retirement. Even if one spouse earns a high salary and makes the maximum contribution to an IRA, the earnings limits under IRA’s and other tax deferred programs make it difficult to save sufficiently for […]

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