Ready to finish 2024 on a strong financial note?
Leverage the power of SEP IRA contributions to save on taxes and build a brighter financial future!
What is a SEP IRA?
A Simplified Employee Pension (SEP) IRA is a cost-effective retirement plan for business owners, offering tax-deductible contributions and higher contribution limits than traditional or Roth IRAs—up to 25% of compensation or $69,000 in 2024, with a limit of $70,000 in 2025. Withdrawals are taxed as ordinary income, and required minimum distribution rules apply.
Why Choose a SEP IRA?
- Tax Savings: Contributions are tax-deductible, helping reduce taxable income for small businesses and self-employed professionals.
- Retirement Growth: Build a strong retirement fund while enjoying immediate tax benefits.
- Higher Contribution Limits: SEP IRAs offer higher contribution limits than traditional IRAs—ideal for business owners looking to maximize their savings.
Who Can Benefit?
If you are a small business owner or self-employed professional, a SEP IRA is a powerful tool to optimize both your taxes and retirement plan.
Let Caramel Advisors guide you through this opportunity and help ensure you are set up for better tax benefits.
Start planning today—2024 isn’t over yet!