how much can i invest in a sep account
The SEP stands for simplified employee pension. It is an individual retirement account or IRA, into which employers can make retirement contributions for themselves and their employees. Compared a 401(k) retirement plan, a SEP IRA is relatively simple to start and manage. 1  There's far less paperwork and annual filing. 2  In fact, if you are self-employed, you have the same deadlines for creating a SEP IRA. 3  The SEP IRA limit is set to increase to $54,000 in 2017.