TD Ameritrade

 

We’re excited to announce that a definitive agreement has been reached for Charles Schwab to acquire TD Ameritrade. Learn more about the transaction at www.amtd.com.

SEP

SEP IRA: A flexible and easy to manage retirement plan

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A Simplified Employee Pension (SEP) IRA is a retirement plan that allows for higher, tax-deductible contributions, tax-deferred growth, hassle-free account maintenance, and a flexible contribution schedule, making it a good choice for small business owners and self-employed individuals. You'll also get access to free education, a broad array of investment choices that can be leveraged to build your portfolio, and guidance and support to help you pursue your retirement goals.


Call 800-472-0586 to speak with a Financial Consultant or you can download our helpful SEP IRA guide.

Reasons to choose a SEP IRA from TD Ameritrade

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Easy set up and maintenance

Less paperwork and no account minimums or maintenance fees.**

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Tax advantages

Earnings grow tax-deferred and contributions are tax-deductible.

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Flexible funding

Contributions may vary from year to year, or you can skip altogether. Fund online or from your mobile device.

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+ get up to $600*See details

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A broad array of investment products

Choose from ETFs, mutual funds, equities, options, managed portfolios, and more to help expand your retirement portfolio.

Education and support to help empower your investment strategy

  • Education: Our free educational resources can help with building, managing, and maintaining your retirement strategy.
  • Support: Knowledgeable specialists are available to answer questions and connect you with the right resource.

SEP IRA plan details

Best For:

  • Self-employed individuals and small business owners

Tax Benefits:

  • Tax-deductible contributions for the business
  • Tax-deferred growth potential on contributions

Employee Contribution Limits:

  • Not applicable

Employer Contribution Limits:

  • Lesser of 25% of compensation or $56,000 for 2019.
  • Employer is not locked into making a contribution each year and can decide whether and how much to contribute to employees’ accounts (Note: if employers do contribute, must contribute for all participants who are eligible for the plan)
  • Contributions Worksheet for Employers to Mail in Contributions

Date Account Must Be Opened By:

  • New account must be opened prior to the employer’s tax return due date plus extensions (Tax return due date generally: April 15. Extension due date generally: October 15)

Funding Deadline:

  • Account must be funded prior to the employer’s tax return due date plus extensions

Employer Administrative Responsibilities:

  • Notification to employees of employer contribution
  • Employer must complete and retain Form 5305-SEP or other plan documents in their records. Employees must receive a copy
  • No plan tax filings with the IRS

Withdrawals:

  • Minimum required distributions start at age 70½
  • 10% early withdrawal penalty if under age 59½ (exceptions may apply)
  • Taxed at ordinary income rate in year withrawal made

Further Details:

Small Business Retirement Calculatorcalculator

Calculate contributions and determine employee eligibility in a business retirement plan.

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Open a SEP IRA in three simple steps

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Open

Open an account or call 800-472-0586 to speak with a Financial Consultant.

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Fund

Fund your account online or from your mobile device.

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Manage

Manage your account with helpful support, guidance, and education.

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