Читать книгу Mutual Funds For Dummies - Eric Tyson - Страница 71

If you’re self-employed or a small-business owner, you can establish your own retirement savings plans. Simplified employee pension individual retirement account (SEP-IRA) plans require little paperwork to set up. They allow you to sock away 20 percent of your self-employment income (business revenue minus expenses) up to a maximum of $61,000 per year. Each year, you decide the amount you want to contribute — you have no minimums. Your contributions to a SEP-IRA are deducted from your taxable income, saving you big-time on federal and state taxes. As with other retirement plans, your money compounds without taxation until withdrawal.