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[[ I'm thinking of opening a SEP IRA with $6,000.00. Vanguard appeals to me because they have
minimal fees. Any other suggestions on where to open the SEP IRA are welcome.]]

While I'm not going to comment on your investment vehicle, I'm a little concerned about your $6k SEP contribution. Since you are new to investing, I'm concerned that you may not know that your SEP deduction and contribution is based upon your net Schedule C income (or some other earned income). And, based upon your SEP amount, your Sch C income must amount to about $46,000. Is this the case? If not, you'll need some help with your taxes prior to your investing.

Remember that you can't just pick a SEP contribution number out of the air. It has to be based upon earned income.

For additional information on SEPs, see IRS Publication 590.

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