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Greetings, Rick, and welcome. You asked:

<<I am looking to start a SEP-IRA and I am given a choice between a SEP-IRA and a Prototype
SEP-IRA. Apparently a Prototype SEP-IRA has rules for Social Security Intergration. I am not sure that I need it. Currently I am self-employed and in the future I may go back to work as a regular employee. I would like to start a SEP-IRA, but I am unsure of the difference. Any advice would be appreciated.>>

Unless you have employees for whom you wish to somehow limit your contributions as the employer, then IMHO a prototype SEP is unnecessary and will just tend to complicate things for you. Just stick with the Form 5305 to keep things simple.


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