There is Still Time to Lower Your 2018 Tax Bill with a SEP IRA [Forbes]
AMTD IDEA Group American Depositary Shares, each representing one Class A Ordinary Share (AMTD)
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Source: Forbes
There is Still Time to Lower Your 2018 Tax Bill with a SEP IRA Did you get a surprisingly large tax bill? There may still be time to open a SEP IRA and lower your 2018 tax liability. Getty We are in prime tax filing season for the 2018 tax year and when you are self-employed, or a small business owner, you should always be tax planning. After all, it is not what you make but what you keep. While there may be better retirement accounts out there (Solo 401(k) or Defined Benefit Pension Plans) The Simplified Employee Pension (SEP) plan, aka SEP IRA, is neither a pension nor necessarily simple. It is a type of retirement account for those who own their own business or have self-employment income Solo 401(k) and Cash Balance Plan A SEP IRA offers a lot of flexibility for when and how much you contribute. You can make a single deposit just before you file your taxes or make monthly deposits. Still, others may choose to combine those two strategies by making monthly contributions and then an
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