
In this episode, we explore the Simplified Employee Pension Individual Retirement Account (SEP IRA), a popular retirement savings option for self-employed individuals and small business owners in 2023. With its higher contribution limits, tax-deductible contributions, and tax-deferred growth, the SEP IRA offers significant advantages for those looking to maximize their retirement savings. We’ll cover the benefits, eligibility criteria, and the process of setting up and managing a SEP IRA, making it an attractive and flexible option for both business owners and their employees. Tune in to learn how to leverage this plan for long-term financial security.