SEPs Make Investing for Retirement Easy Investor's Business Daily (03/02/01) Vol. 105, No. 8 p.B5; Korn, Donald Jay
Simplified employee pension (SEP) plans offer an easy
and manageable way for people to invest for retirement. SEP
accounts can be opened by anyone and are simple to start.
Individuals or business owners with qualified incomes simply
complete a short form. Brokerages, banks, insurers, and mutual
fund companies can offer assistance with the paperwork, and some
will even serve as a guardian for the account. Investors may
contribute up to 15 percent of their self-employment income.