monekoko_IHB
New member
I am self-employed and am thinking about opening the Sep-IRA account? Can I ask some recommendation from you guys?
what would be the best way to set up my Sep-IRA?
- Thread starter monekoko_IHB
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First of all, do it. Don't second guess yourself, just open up an account. You can put 25% of your compensation or $45k (whichever is less) into your account. It is one of the best deductions available for the self employed.
You can set up a SEP-IRA at just about any broker. Mine is setup with BofA and the entire process including funding was done online electronically.
The only real decision is how you are going to invest your funds. But setting one up is a no-brainer.
Just do it.
You can set up a SEP-IRA at just about any broker. Mine is setup with BofA and the entire process including funding was done online electronically.
The only real decision is how you are going to invest your funds. But setting one up is a no-brainer.
Just do it.
reason_IHB
New member
I'll check it out later. But is it easy to set one up with Fidelity?
acpme_IHB
New member
bofa gives you free equity trading if you have at least 25k in assets with them. if you're setting any significant portion of your earnings aside into the sep, you should reach that level of assets pretty quickly. like winex said, do it and do it now!
oh how i wish i had the ability to go with a sep. i just love our 401k McFund menu.
oh how i wish i had the ability to go with a sep. i just love our 401k McFund menu.