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julia2020a · **IRA-401k Roth -** 12-04-2007

I am looking to set up a SEP IRA. As I understand I am allowed to put in 25%of the salary I pay to myself. If I pay myself $80,000, does that mean I can put in $20,000 in SEP IRA? Is there a deadline like December 31st to set one up for 2007? Can I open SEP Retirement plan in any brokerage firm such as Fidelity?

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julia2020a Junior Member Status: Offline Posts: 1 Join Date: Dec 2007	IRA-401k Roth - 12-04-2007 I am looking to set up a SEP IRA. As I understand I am allowed to put in 25%of the salary I pay to myself. If I pay myself $80,000, does that mean I can put in $20,000 in SEP IRA? Is there a deadline like December 31st to set one up for 2007? Can I open SEP Retirement plan in any brokerage firm such as Fidelity?