Retirement Savings Options for Self-Employed with SEP-IRA at USAA

Summary

  • 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!



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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 Contributions are tax-deductible and grow tax-deferred until withdrawn during retirement.


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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.

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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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