Carry Learning Center

Saving for retirement with a SEP IRA can offer valuable tax advantages, but those benefits also come with rules when it’s time to take money out.  Contributions are made with pre-tax income, which can lower your taxable income now while allowing your investments to grow tax-deferred. Like a Traditional IRA, you can take withdrawals at any [...]

OVERVIEW A SEP IRA requires employers to contribute the same percentage of pay for every eligible employee. If you put 10% of your own compensation into your SEP IRA, you must also contribute 10% of each eligible employee’s pay into theirs. Eligible employees are age 21 or older, worked for the business in at least three of the [...]

If you’re a W-2 employee, your employer may offer a SEP IRA instead of a traditional  401k plan. But unlike a 401k where you can make your own employee contributions, a SEP IRA allows only employer contributions. You can’t contribute directly to the account. A SEP IRA is often chosen by small businesses as a simpler, [...]

If you run a business, you may be deciding between setting up a SEP IRA or a 401k. Both are employer-sponsored retirement plans, but they serve slightly different purposes. A SEP IRA is often used by business owners who want a straightforward way to save for retirement, though it can also be extended to employees. A [...]

Many people reach a point in their financial planning where saving more for retirement becomes a priority. This often leads to a closer look at IRA options, especially when income grows or business ownership changes how contributions can be made. The rules can feel similar across accounts at first glance, yet the tax treatment, eligibility, [...]

Business owners often look for retirement plans that are simple to manage and flexible enough to support long-term saving. The SEP IRA and SIMPLE IRA can meet those needs. Both plans offer higher contribution limits than a traditional or Roth IRA, and they are easier to administer than a full 401k program. These features make [...]

Not all SEP IRAs work the same way. Some keep your investment options limited to mutual funds or ETFs. Others give you access to alternative assets like real estate, crypto, and private equity. If you are self-employed or run a small business and want more control over your retirement investments, it may be worth exploring [...]

OVERVIEW What is a SEP IRA? A SEP IRA is an employer-sponsored retirement plan for self-employed individuals and small business owners. Contribution limits: Employers can contribute up to 25% of compensation, capped at $70,000 for 2025. Contribution deadline: Contributions are due by the employer’s federal tax filing deadline, including extensions. Who can contribute: Self-employed individuals and business owners with [...]

Want to lower your tax bill this year? A SEP IRA might be one of the best ways to do it.  If you’re self-employed or a small business owner that earns enough net income, you can deduct up to $70,000 in 2025 (up from $69,000 in 2024) by maxing out your contributions. That’s a huge tax [...]