Financially Simple

In episode 188 of Financially Simple, Justin looks at Simplified Employee Pension IRAs. A SEP IRA allows Business Owners and the Self-Employed to contribute to their IRAs, using a few nifty tricks. Justin explains why SEP IRAs are useful, their pros and cons, and when you might use one to maximize your IRA benefits. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! FULL TRANSCRIPTION: BLOG: Small Business Retirement Plan Comparison _________________   TIME INDEX: 01:03 - SEP IRAs in All Their Coolness! 01:56 - Why Not Use a Regular IRA? 02:32 - What is a SEP IRA? 03:31 - What if You're Self-Employed? 05:13 - Who Can Use a SEP? 07:20 - Starting a SEP 08:09 - The Pros 12:27 - The Cons 15:13 - Practical Planning Advice for SEPs 18:27 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your