The first thing you need to know about your 2011 IRA is that the final contribution deadline doesn’t happen until 2012. The IRS allows you to contribute to the previous year up until the normal federal tax deadline. Typically, this falls on April 15th, but because that falls on a Sunday this tax season, the [...]
SEP IRA Rules
SEP IRA contribution limits for 2011 and 2012 are changing. SEP’s are Simplified Employee Pension (plans). You can benefit from a SEP IRA if you own a small business or are self-employed. The federal government rules let you use an SEP plan as an easy way to contribute to your employees’ retirement savings or your [...]