Retirement Planning


A SEP IRA (Simplified Employee Pension Individual Retirement Arrangement) is a retirement tool suited to small businesses.  A SEP IRA, like other forms of IRAs, generate money for the investor for retirement.  The owner of a small business with one or more employees is eligible to open this plan for the company. Contributions, which are tax-deductible for the business or individual, go into a traditional IRA held in the employee's name. Under a SEP IRA, an employer contributes directly to traditional individual retirement accounts, rather than the employee making his/her own contributions.  Although all individuals within the company (including the owner) will benefit from this plan, employees do not directly contribute to the investment.  Like a traditional IRA, the money in a SEP IRA is not taxable until withdrawal.

Our Sgroi Financial Advisors would be happy to help you set up your SEP IRA for your small business.

Discuss your investment needs with us today.

Call us at 716-674-6700 or send us an email