Understanding the fidelity sep ira: A Comprehensive Guide for Small Business Owners

Are you a small business owner looking for a comprehensive guide to the fidelity sep ira? Look no further! This retirement plan allows you to make tax-deductible contributions on behalf of yourself and your employees, making it a popular choice for small businesses.

The fidelity sep ira offers a wide range of investments, including stocks, bonds, and mutual funds. You can also choose to set up automatic contributions and have access to Fidelity's online tools and resources to manage your account.

One of the biggest advantages of the fidelity sep ira is its flexibility. You can contribute up to 25% of an employee's compensation, up to a maximum of $57,000 for 2020. This allows you to adjust your contributions based on your business's needs and financial situation.

It's important to note that the fidelity sep ira is only available to self-employed individuals and small business owners with 100 or fewer employees. If you're interested in this retirement plan, be sure to consult with a financial advisor to ensure it's the right fit for you and your business.

In conclusion, the fidelity sep ira is a flexible and tax-deductible retirement plan that may be a great choice for small business owners. With its diverse investment options and account management tools, it's definitely worth considering. So, if you're looking for a way to save for your own retirement while also helping your employees do the same, check out the fidelity sep ira today!

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