An Individual Retirement Account providing tax advantages for those saving for retirement.
A certain type of Individual Retirement Account that grants a tax break upon withdrawing money from a retirement account rather than granting a tax break for funds put into the account.
A Simplified Employee Pension Individual Retirement Arrangement is used by small business owners and their employees. Administration costs for SEP IRAs is low. Funds placed into these accounts are taxed at ordinary income tax rates when withdrawals are made after age 59½. Contributions to these plans are deductible, lowering a taxpayer’s income tax liability.
After Tax Investments