Should you Make SEP IRA Contributions as an Employer or Individual?

If you have self-employment income, SEP IRA’s are a great vehicle for turbo-charging your retirement savings while simultaneously reducing your tax obligation. The only downside to SEP IRA’s is that they aren’t the most intuitive. But don’t let that dissuade you – becoming familiar with a few basics goes a long ways. When you make a contribution to an SEP IRA that you manage, you have the option to contribute as an employer or an individual. That prompted a 20somethingfinance reader to recently ask me the following question. “When contributing to my SEP...

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