- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
SEP?
Posted on 3/20/19 at 6:13 pm
Posted on 3/20/19 at 6:13 pm
My new employer will put 12% of my pay into a SEP account for me. Can somebody tell me just what a SEP account is. Is it like a savings account where the money just sits there and collects intrest or is it something where I can pick mutual funds and put the money into? Lord I hope its the later as I would think that the stock market would do better long term than any interest bearing account. Thanks in advance.
5
Posted on 3/20/19 at 6:16 pm to CajunLife
Posted on 3/20/19 at 6:22 pm to CajunLife
I have a SEP. Yes you can invest it, lol. Hate to be rude but why don’t ppl just ask questions these days. Everyone runs to the internet. Pro tip: ask ppl questions(employer), call ppl. It will change your life
Posted on 3/20/19 at 6:43 pm to thatguy777
quote:
Hate to be rude but why don’t ppl just ask questions these days
Sorry your still pissed about me going down on your mom.
Hate to break it to you but it's 2019 and everybody goes to the internet. For me it was easier to do this as I had to leave mid-meeting before they got into discussions about it, just saw it on the agenda. See there are good reasons for people to go to the internet.
Posted on 3/20/19 at 6:58 pm to CajunLife
I’m saying just ask ppl questions, talk to ppl, interact. You’ll learn a lot, expand your network, etc. Or you can just sit in anonymity and ask internet. How one comes to td and asks if a SEP is similar to a savings account baffles me
Posted on 3/21/19 at 12:39 pm to CajunLife
Company is putting 12 percent of your pay into a retirement account? That's... really good.
Posted on 3/21/19 at 12:48 pm to CajunLife
quote:
your still pissed
quote:Yep, checks out....
CajunLife
Posted on 3/21/19 at 6:54 pm to LSURussian
Posted on 3/21/19 at 7:10 pm to CajunLife
This is a great place to get some basic information.
What is a SEP? LMGTFY
What is a SEP? LMGTFY
Posted on 3/22/19 at 10:03 am to CajunLife
we use a SEP to fund our employee's retirement.
basically the company funds the individual accounts from 1% to 25% of their respective annual salaries, once a year
the past two years we've been able to do 20%.
it is advantageous to the company as the funds deposited reduce our taxable income each year, and obviously advantageous to the employee as the funds are not subject to payroll taxes and are not considered income until withdrawn
it is 100% employer contribution, but you can also purchase additional share of whatever funds you choose up to the annual IRA limit
basically the company funds the individual accounts from 1% to 25% of their respective annual salaries, once a year
the past two years we've been able to do 20%.
it is advantageous to the company as the funds deposited reduce our taxable income each year, and obviously advantageous to the employee as the funds are not subject to payroll taxes and are not considered income until withdrawn
it is 100% employer contribution, but you can also purchase additional share of whatever funds you choose up to the annual IRA limit
Posted on 3/22/19 at 9:55 pm to LSUFanHouston
quote:
Company is putting 12 percent of your pay into a retirement account? That's... really good.
Probably figured out the had to.
Is this your third year there OP?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News