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Retirement Planning

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Simplified Employee Pension Plan (SEP)

An employer-sponsored retirement plan that is designed for owners of small businesses or self-employed individuals. Contributions are tax-deductible and earnings tax-deferred. Qualified individuals can contribute a fixed percentage of their earned net income (up to $49,000 maximum for 2011). SEPs are more flexible, easier to set up, and simpler to administer than many other qualified plans.

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