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The Sep IRA - A Simplified Employee Pension is a retirement product
that allows an employer to make contributions to a retirement plan
for his/her employees.
One can contribute and deduct up to 25% of yearly compensation,
or up to $44,000 in 2006, whichever is less.
The greatest advantage of the SEP IRA is that income tax is deferred
until withdrawal, a time when the IRA owner is usually in a lower
tax bracket.
This product is easy to administrate and is ideal for small business owners, the self-employed, and farmers.
Contact Jan Pfeiffer for more information.
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