SEP IRA Investment Option
For far too long, too many Americans have been living with the notion their Social Security benefits would support them in their twilight years. The truth is that’s not likely to happen, especially considering the way the government has mismanaged the SS program. It’s incumbent on all of us to look after our own finances before retiring from the work force.
Fortunately, that same government has given us tax-deferred investment options that should motivate us to invest in our own futures. One of these options is the Individual Retirement Account (IRA). This type of tax-deferred investment option has been offered as an alternative to the 401K investment option that many people can get through their employers.
At this point in time, there are several different IRA options. We are going to discuss the SEP-IRA option.