Is a SEP Plan Right For Your Business
A SEP is a special type of IRA. Under a SEP plan the employer creates an IRA account for each eligible employee, hence the name SEP-IRA. A SEP is funded solely with employer contributions. Employees do not make contributions to their SEP-IRA retirement account. Any money that goes into a SEP automatically belongs to the employee. Thus, the employee has the right to take his SEP IRA account money with him whenever he stops working for the company. Any size business can establish a SEP, but the SEP retirement plan is utilized mostly by the self-employed and the small business with few employees. The SEP IRA rules dictate that if the business contributes for one employee, (i.e., the owner), then the business must contribute proportionately for all of the employees. With few exceptions, anyone who works for the business must be included in the SEP. However, you can exclude from participating in the SEP plan anyone who: Has not worked for the company during three out of the last five years. Has not reached age 21 during the year for which contributions are made. Received less than $450 in compensation (subject to cost-of-living adjustments) during the year. SEP IRA contributions to each employee for 2004 cannot exceed the lesser of $41,000 or 25% of pay for W2 recipients (20% of income for sole proprietors). The SEP IRA contribution limit goes up to $42,000 for 2005, and is subject to cost-of-living adjustments for later years. SEP-IRA rules do not provide for additional catch-up contributions for those 50 years old or over. A growing number of self-employed individuals with no employees are abandoning the SEP-IRA for a newer type of retirement plan called the Solo 401(k) or Self-Employed 401(k). The two main reasons for the switch are 1) they can generally contribute much more to a Solo 401(k) than they can under a SEP IRA, and 2) Loans are allowed under a Solo 401(k), whereas loans are prohibited under a SEP-IRA. Example: Henry, age 52, a realtor received $60,000 in compensation from self-employment income in 2004. For 2004, he could contribute a maximum of $27,152 in a Solo 401(k) versus a maximum of $11,152 under a SEP IRA. However, the Solo 401(k) does not work for businesses with employees. Thus, if your company plans to hire employees or currently has a few employees, the SEP IRA may be your best choice as a retirement plan that is inexpensive and simple to operate. Daniel Lamaute, CEO of Lamaute Capital, Inc. (http://www.InvestSafe.com) specializes in setting up retirement plans. You may visit http://www.investsafe.com to access a free calculator that will help you estimate what your maximum contribution might be under different plans.
|
|
 |
 |
YouLoveMe.com Free Online Dating and EliteMate.com Paid Dating Site Announce New Partnership
Free Online Dating Site (http://www.YouLoveMe.com): YouLoveMe.com is pleased to announce a marketing partnership with traditional monthly-fee based dating site: EliteMate.com
International Health Distribution Launches Women's Health and Beauty Web Resource
International Health Distribution (IHD), a global provider of scientifically advanced, all-natural cosmetics and supplements, launches an informative web resource, http://www.hormones-beauty-health.com. It was designed to enrich the lives of women of all ages through the offering of topical articles and an innovative Blog - it will be the most comprehensive resource for identifying health and beauty products.
Affordable Student Health Insurance - Why Student Health Insurance Can Be Cheap
Student health insurance can be affordable, and even cheap, if you choose a plan that offers the exact coverage your student needs, and if you understand the coverage your student has. By choosing the coverage your student needs, you won?t have to worry about paying for any medical costs that you know your student will acquire. And, by making sure you thoroughly understand your student?s coverage, you won?t be hit with any surprise costs along the way.
The Beauty And Benefits Of The Family Health Care Insurance
In the United States alone, the prices of the health care of the ordinary American people will increase for up to 76%, this is due to the fact that the prices of the prescription drugs that the big and commercial pharmaceutical companies are selling on the market today have been on the constant rise as well
Womens Heart Health: The Scary Truth About Womens Heart Health
Womens heart health is a subject that should be on the tip of everyone's tongue, but for some reason not too many people seem to be talking about it. Unlike other womens issues that have people mobilized and raising awareness, when it comes to the heart there doesn't seem to be too many people championing the cause. It seems as though I can't drive anywhere without seeing a car with a pink breast cancer awareness ribbon magnet attached to it, but where are the magnets for heart problems.
Free Internet Dating Site - Tips For Women And Join Free Dating Sites Today
Even if women join free internet dating today, you can get complete assistance in dating with the person you want to Be sure of finding the right person
Free Online Dating Site - Online Dating Generation X Service
Would you have ever come across two people of opposite beliefs become intimate lovers Or for that matter have you come across a two people who met on the net and turned into lovers
Jacksonville.com First Online Newspaper Site to Add Virtual World News Feed
Jacksonville.com, the website of the Florida Times Union is the first in the country to add a virtual world news section. VirtualJax.iVinnie.com is a daily news aggregator of top stories from virtual worlds, online games, and social networks.
Health Insurance Lead and Health Insurance Leads
Health insurance lead generation systems provide a stead stream of potential clients for health insurance brokers. Health insurance leads are considered to be people who may need health coverage to supplement the health coverage provided by their employer.
A Report on the Scenario of UK Adult Personals and Adult Dating Web Sites
Computers and the Internet have had a tremendous impact on society. Together they have become the dominant aspect within our social, business and personal lives, and have completely altered our cultural landscape. From accessing information to shopping, from sharing email to finding life partners, everything is now possible online. Essentially we have created a new world: the virtual world. Let's explore one of the new features emerging from these integral tools that have become so essential to our lifestyle:
Free Online Dating : Stop Paying And Join A Free Site
Free online dating sites are plentiful, but finding the best ones is as easy as finding the right link A dating site will help your social life, so why not take advantage of free services
Florida Health Insurance Web Approves Crist Health Insurance Plan
"Gov. Charlie Crist has a plan for the 4 million residents without health-care coverage, that according to health insurance news correspondent: Florida health insurance (http://www.floridahealthinsuranceweb.com) consultant Morgan Moran. "The future of insurance in Florida comes with "robust" benefits for as little as $150 a month."
World of Jewish Launches Networking Site For Business, Politics, Dating, Jobs, Health and Culture
World of Jewish social and business networking website has been launched offering everything from dating, jobs and real estate to business, politics, music, art and video and health.
Womens Reproductive Health: Where To Turn For Womens Reproductive Health Answers
When it comes to womens reproductive health, there are a lot of questions that can be asked. If you have a question it's always best to see a doctor and ask him or her in person. After all, they went to school for years to specialize in the subject, it'd be a shame if they never got to utilize their skills. Besides going to a womens health specialist, your best bet is to get online, head to a library or even ask your friends. Usually, a poll of ten or so female friends can tell you if something is normal or an issue you should be concerned about.
Affordable Health Insurance Unemployed - Health Insurance Options for the Unemployed
Being in between jobs and unemployed can bring in many financial problems to your doorstep You might need to depend on someone else to help you with covering your day to day expenses
1st Xmas Personalised Lullaby
|
 |
|
