Get Your Credit Report and FICO Score. IMPORTANT INFORMATION. When you order your $1 Credit report and FICOÂ® Score 8, you will begin your 7-day trial membership in Experian CreditWorksSM. If you don't cancel your membership within the 7-day trial period*, you will be billed $21.95 for each month that you continue your membership.
Ultimate guide to retirement. A SEP IRA is a type of traditional IRA for self-employed individuals or small business owners. (SEP stands for Simplified Employee Pension.) Any business owner with one or more employees, or anyone with freelance income, can open a SEP IRA.
For 2014, the maximum contribution on behalf of an employee to an SEP-IRA is the lessor of $52,000 or 25% of your âeligible compensation.â For the self-employed, the contribution limit in 2014 is the lesser of $52,000 or 20% of earnings, according to the IRS.ow to the question my accountant got wrong. Letâs assume that in addition to self-employed income you also have a regular job where you contribute to a 401k. Do your 401k contributions reduce the amount you can contribute to a SEP IRA.