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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 81578  
Subject: Re: SEP vs SIMPLE, etc Date: 4/29/1999 1:21 AM
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Greetings, RollinW, and welcome. You asked:

<<I'm self employeed and looking to start a IRA/SEP/ETC this year. I'm looking for guidence on which is best for me. I've reviewed the Fool online section on IRAs. I've tried searching various places on the Internet (including fool.com), but have not had much luck.

I'm looking for pointers and guidence on both the TAX implications as well as the long term investment implications.>>

You can read a brief overview of SEPs, Keoghs and SIMPLEs in my Foolish Retirement Plan Primer at http://www.fool.com/retirement. You should also download a copy of IRS Publication 560, Retirement Plans for Small Business (SEP, Keogh and SIMPLE Plans), which is available at www.irs.gov.

Of the three, the SEP is the easiest and cheapest to administer, but the Keogh has the potential of allowing the largest contributions. The Keogh is also the most costly to administer, particularly if you ever have employees. These points are highlighted in the primer.

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