Roth SEP & SIMPLE IRAs: New IRS Guidance You Need to Know

After two years of waiting the IRS has finally issued guidance on how to administer Roth SEP & SIMPLE IRAs.

For years, clients utilizing SEP & SIMPLE IRAs have been forced to make all contributions pre-tax, with no direct options for making post-tax Roth contributions.

While investors could perform Roth conversions of these plans, conversions can cause a cumbersome tax filing dilemma.
Now that the IRS has published guidance on how to provide administration to Roth SEP and SIMPLE IRAs, we have the ability to maintain the two accounts as dedicated after tax Roth accounts.
This offers an incredible opportunity for small business owners to grow their investments completely tax free.

Don’t miss this special session when Advanta IRA’s Alex Perny and Owen Lynn provide a comprehensive overview on how these accounts operate from a base contribution level and how the mechanisms of making Roth contributions work.

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