Charles Schwab SEP IRA
One of the easiest small business retirement plans to set up and maintain.
Overview
The Charles Schwab SEP IRA is a retirement plan for self-employed individuals and small business owners. It allows for tax-deductible employer contributions with high limits. The plan is easy to set up and maintain, with no required annual contributions. Account holders can invest in a diverse range of products available through Schwab's brokerage platform.
✨ Key Features
- No opening or maintenance fees
- Flexible annual contributions
- High contribution limits
- Wide range of investment choices
- 24/7 customer support
🎯 Key Differentiators
- No account fees
- Excellent customer service
- Broad investment selection
Unique Value: Provides a no-fee, easy-to-use SEP IRA with a wide range of investment options and the backing of a highly-rated brokerage firm.
🎯 Use Cases (3)
✅ Best For
- A high-earning consultant maximizing their retirement savings
- A small business owner providing a retirement benefit with flexible funding
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Individuals who want to make their own contributions to the plan
- Those seeking a Roth (after-tax) retirement savings option
🏆 Alternatives
Offers a similar value proposition to other major brokerages, with its customer service being a key differentiator.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (NA tier)
🔒 Compliance & Security
💰 Pricing
Free tier: No opening or maintenance fees.
📊 Market Info
Customers: NA
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