Retirement Savings Options for Self-Employed with SEP-IRA at USAA
James ByrdSummary
- Self-employed individuals have various retirement savings options, including a SEP-IRA.
- A SEP-IRA allows contributions from both the employer and the employee and offers tax deductions and tax-deferred growth.
- USAA offers retirement planning resources for self-employed individuals with a SEP-IRA, including tools, educational articles, and investment support.
- Take advantage of these resources to secure your financial future and navigate retirement savings effectively.
Navigating retirement savings can be a daunting task, especially for self-employed individuals. However, if you have a SEP-IRA account with USAA, you're in luck! In this article, we will explore the various retirement savings options available to self-employed individuals and how USAA's SEP-IRA can be a valuable tool in securing your financial future. So, read on to discover the possibilities and make informed decisions for a worry-free retirement!
Employer-Sponsored Retirement Options
| Employer-Sponsored Retirement Option | Description |
|---|---|
| SEP-IRA | A Simplified Employee Pension Individual Retirement Account (SEP-IRA) is a type of retirement plan used by self-employed individuals or small business owners. It allows contributions to be made by both the employer and the employee. Contributions are tax-deductible and grow tax-deferred until withdrawn during retirement. |
Individual Retirement Account Insights
Self-employed individuals have options such as a Solo 401(k), SIMPLE IRA, traditional or Roth IRA, in addition to a SEP-IRA, for retirement savings. Each option has its own benefits and considerations, such as contribution limits and tax advantages. It's important to evaluate each option carefully.
Featured Retirement Planning Resources
USAA offers retirement planning resources for self-employed individuals with a SEP-IRA, including tools to determine contribution amounts, educational articles and videos, and support for managing investments. Take advantage of these resources to secure your financial future.
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