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Category

😹
Fun
Transcript
00:00There's one called a simplified employee pension or a SEP, and that's an IRA-based
00:05retirement plan. And it basically works that like literally every employee has an IRA
00:10and the company puts money in a percentage of the employee's wages go into the IRA every year.
00:18Then the employee does what they want to do with it. It's simplified or it's simple. Everybody's
00:22got like a super IRA contribution. Employees can't put any money into it. It's just an all
00:28employer contract, all employer deal, right? So, and those were really popular. I used to
00:33recommend those all the time back in the 90s and early 2000s.
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