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What are the benefits of a SEP IRA?
When contributing to a SEP IRA, employers receive more benefits compared to other retirement plans. Here are the benefits of SEP IRA contributions:
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Easy to set up and manage: Small business employers can easily establish a SEP IRA compared to other retirement plans.
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High contribution limit: It has a higher contribution limit than Traditional and Roth 401(k) plans, as well as SIMPLE IRAs.
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Flexible contribution: A SEP IRA does not require contributions every year. If the business income is low, you can skip contributions for that year.
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