What savings products are available for IRAs?
There are three deposit options for an IRA: An IRA CD (terms varying from 6 months to 60 months) A … Continue reading
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Will I get charged an annual or monthly fee for my SEP IRA?
No. Unlike many financial institutions, Jeanne D’Arc does not charge annual maintenance fees for retirement accounts.
Is there a minimum age to open a SEP IRA?
Yes, you or your employees must be at least 21.
What is the 3-of-5 eligibility rule?
This rule says you must include any employee in your plan who has worked for you in any three of … Continue reading
Can I open a SEP if I have another type of retirement plan?
Yes, self-employed people and employees may hold both a SEP and another retirement plan from a separate job, whether it’s … Continue reading
How does a Simplified Employee Pension (SEP) Account work?
A SEP works like a Traditional IRA, but the SEP IRA contribution limits may be higher than Traditional IRA contributions … Continue reading
Who can open a SEP IRA and make contributions?
A SEP is specially designed for self-employed people and owners of small businesses. You may hold an account if you … Continue reading