SEP-IRA
119
MENTIONS
68
EPISODES
65
PODCASTS
Search complete. 119 mentions across 68 episodes found for "SEP-IRA".
Oct 31, 2026
Tony SchorHOST
Okay, and which accounts are we talking about? Which accounts do we have to take these required minimum distributions from?
Ashton PankoninHOST
Yeah, so we're looking at traditional IRAs, SEP IRAs, simple IRAs, 401Ks, 403Bs, 457s, and similar workplace plans.
Tony SchorHOST
Yeah, probably TSPs as well.
Tony SchorHOST
What about Roth IRAs?
Farnoosh TorabiHOST
And so at least on my dashboard with Empower, I get to see my savings.
Farnoosh TorabiHOST
my liquid savings, whatever's in my checking accounts and savings accounts and money market accounts and liquid brokerage accounts, as well as my retirement investment accounts, SEP IRA, IRAs, Roth IRA from when I was younger and I could still invest in a Roth IRA, my debts, which includes my mortgage.
Farnoosh TorabiHOST
I don't carry any other kind of debt month to month.
Farnoosh TorabiHOST
And then other assets like our home property value, our car values, any artwork that I might have that one day, gosh, who knows, which I'm learning, it's probably worth nothing.
Diania MerriamHOST
but at least I've been investing ever since.
Diania MerriamHOST
That's like, what, 12 years now? And while I no longer contribute to that employer's 401k or receive its matching contributions, I still annually max out my SEP IRA, an option for self-employed peeps.
Diania MerriamHOST
Still pretty embarrassing, though.
Diania MerriamHOST
Anyways, all that to say, action is the most important.
Ryan DerousseauHOST
But if you've already about to sign the tax return, it's too late.
Ryan DerousseauHOST
The CPA is not going to be going there other than saying, hey, maybe you should open a SEP IRA.
Ryan DerousseauHOST
The SEP IRA could get you in a lot of trouble if you have certain amount of employees or employees that have been there a certain amount of time.
Ryan DerousseauHOST
And so that may or may not even be the right solution.
Ryan DerousseauHOST
But that will be the often given advice.
Matt LoveHOST
Yet we give money.
Matt LoveHOST
We part ourselves with our money, hoping the S&P is going to work out because my CPA said a SEP IRA is a great place to save taxes.
Matt LoveHOST
You don't save, you just postpone.
Matt LoveHOST
And then my financial advisor wants to manage it and put my money into other people's businesses on Wall Street, taking it away from my own.
Ben CarlsonHOST
And it's what do I do? And I look at this like any sort of asset allocation decision.
Ben CarlsonHOST
Like you should have a certain percentage in mind that you're gonna put in your brokerage, and you're gonna put in your SEP IRA, and you're gonna put in your travel fund, or your emergency fund, or your debt repayment fund, or whatever it is, or your I'm gonna spend this on something enjoyable right now.
Ben CarlsonHOST
You should have some personal thresholds, and one of them should be for real estate.
Ben CarlsonHOST
He's saying, well, I just end up buying more rental properties or something.
Josh BrownGUEST
I'm fully funding them as soon as possible every year.
Josh BrownGUEST
And they are 100% invested in stocks for the most part.
Josh BrownGUEST
So if I have like a SEP IRA, 401k, all these things, everything is stocks.
Josh BrownGUEST
Literally my 401k is the same allocations that we invest in for clients, except no bonds.
Jeff CunninghamHOST
You know, elementary, middle school, high school, college, maybe get a professional degree.
Jeff CunninghamHOST
Then you go and get you a jobby job, right? And then you got to save, whether it's in your pension or if it's in a IRA, you know, retirement accounts, maybe a SEP IRA, whatever.
Jeff CunninghamHOST
You have retirement accounts, so you save up, okay? And then you retire.
Jeff CunninghamHOST
And then you live out your days, hopefully, sitting lemonade, sitting next to Claribel on the swang, on the front porch, and the grandkids come over, and then you eventually pass away.
Steve SextonHOST
You know what? At the end of the day, it's your lifestyle, your livelihood.
Steve SextonHOST
So if you look at it that way, you know what? Even when it comes to saving for retirement, I mean, you can get a SEP IRA or a simple 401k or you get a defined benefit plan.
Steve SextonHOST
or a defined contribution plan where you can put more than what you could with a solo or SEP IRA and with these other plans and superfund your retirement.
Steve SextonHOST
So looking at those things, you could be in a position to retire earlier if you do it right.
Steve SextonHOST
You just want to go get the information.
Virginia ChamleeGUEST
I have...
Virginia ChamleeGUEST
So I have a Roth IRA, I have a SEP IRA, I have
Ashley Feinstein GerstleyHOST
a 401k and I have a rollover IRA.
Ashley Feinstein GerstleyHOST
Incredible.
Jonathan MathewsGUEST
Yeah, they've got tools.
Jonathan MathewsGUEST
The self-employed health insurance deduction, the retirement plan contributions, like if they've got a SEP IRA, that can bring down income.
Jonathan MathewsGUEST
The biggest mistake is waiting until April, and I know a lot of people that are self-employed, you put it on the back burner because you're busy making a living and supporting your business.
speaker_0NARRATOR
For more information regarding wealth management and customized financial planning with WHC Strategic Wealth Advisors, please visit whzwealth.com. WHC Strategic Wealth Advisors offer securities and advisory services through Commonwealth Financial Network, member FINRA, SIPC, a registered investment advisor.
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