How Much Can You Contribute to a SEP IRA for 2020?
by the editors of Kiplinger's Personal Finance
Jan 10, 2020
2 minutes
Self-employed workers and small-business owners who want an easy and inexpensive retirement plan should consider a Simplified Employee Pension IRA, or SEP IRA for short. Savers are also allowed to stash away more for retirement with a SEP IRA when compared to an employer-sponsored 401(k) plan.
SEP IRA Contribution Limits for 2020
For 2020, a self-employed business.) In comparison, for those younger than 50, or $7,000 for those 50 or older thanks to a $1,000 "catch-up" contribution.
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