opening a sep-ira account Submitted by [email protected] on Sat, 2008-01-26 19:12 Since i have maxed out my rira for 2007,can i set up my own sep from money given to me by my employer without having it in my employer’s sep and having to go through a broker or bank. Can i set it up in a no-load fund?
Permalink Submitted by [email protected] on Sun, 2008-01-27 14:09
You cannot adopt a [url=http://www.retirementdictionary.com/sep.htm%5DSEP IRA[/url] , unless you operate a business.
If your employer paid you wages , you cannot use that amount to fund a SEP