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SEP IRA vs SIMPLE IRA (FOR SELF-EMPLOYED)

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SEP IRA vs SIMPLE IRA (FOR SELF-EMPLOYED) | Are you self-employed or do you run a small business? Would you like to lower your taxes & start saving for retirement? This video teaches you two ways you can do this! At the end, we’ll do a SEP IRA vs SIMPLE IRA comparison to help you decide which is best for you!
#sepiravssimpleira #districtcapitalmanagement
If you'd like to learn more about SEP IRAs or SIMPLE IRAs, schedule a free discovery call today at: districtcapitalmanagement.com...
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0:00 - SEP IRA vs SIMPLE IRA (FOR SELF-EMPLOYED)
0:26 - Using a SEP IRA as your retirement plan
5:50 - Using a SIMPLE IRA as your retirement plan
8:01 - Which is best for you?
**RECOMMENDED READING LIST**
The One-Page Financial Plan by Carl Richards (easy read, holistic + fun graphics!) amzn.to/35NH54Z
Simple, Smart Investing by Ian Kennedy (can help you construct your investment portfolio)
amzn.to/32GRJbJ
A Random Walk Down Wall Street by Burton G. Malkiel (classic book that sold me on index funds) amzn.to/2H7pbzS
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Website: districtcapitalmanagement.com/
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● WHO AM I?
Alvin Carlos is a CFP® professional and CFA® charterholder. His team helps young/mid-career professionals to be smarter with their money. They help them optimize their investments, lower taxes, pay off debt, and have peace of mind.
● DISCLAIMERS
This content is for education and entertainment purposes only. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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Опубликовано:

7 авг 2024

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Комментарии : 18

@DistrictCapital 3 года назад

Any self-employed out there watching this thinking of setting up a SEP or SIMPLE?

@moisengwa9904 Год назад

Very good teacher! You teach calm, composed with a good knowledge of the both SEP and SIMPLE IRAs. Thanks

@DistrictCapital Год назад

Thank you very much. I appreciate your comment!

@kbz311 3 года назад

Such a helpful video! Love the short but thorough overview of these two types of IRAs.

@DistrictCapital 3 года назад

Thanks Kateri!

@collinrobinson1864 2 года назад

Much appreciated, this was a very clear and concise breakdown of the two accounts.

@DistrictCapital 2 года назад

Thank you for your comment. I appreciate it!

@AGSwarnson 3 года назад

Loved this video! Well laid out, thank you!

@DistrictCapital 3 года назад

Thanks Aaron!

@keppela1 10 месяцев назад

Thanks for the video! Very helpful. One question: you said you could earn dividends or capital gains with money in a SEP or SIMPLE IRA. Do you have to keep track of all these gains over the years (potentially decades) because IRS will expect you to pay taxes on them after you retire? This is one very confusing aspect of IRAs to me. Thanks much!

@pjre4998 Год назад

Very nice video and great explanations. My question is can I open up a Simple IRA and a SEP at the same year?

@emilygriffioen7172 2 года назад

What happens if i switch jobs and start a job that provides a w-2 and leave behind my small business? Would I no longer he able to contribute to a simple or sep ira?

@CreativeSoul333 2 года назад

So, I just quit my job and I had a SEP retirement plan with them. Can I leave my SEP with the company managing my money and leave it as a SEP IRA even if I am not a business owner? Or, do I have to move my money into a different type of an IRA?

@DistrictCapital 2 года назад

Hi Deborah, thanks for the question. You may be able to leave it, but you will want to call the custodian of the SEP account and ask them what your options are for that particular SEP account.

@DistrictCapital 3 года назад

0:00 - SEP IRA vs SIMPLE IRA (FOR SELF-EMPLOYED) 0:26 - Using a SEP IRA as your retirement plan 5:50 - Using a SIMPLE IRA as your retirement plan 8:01 - Which is best for you?