Lawrence is self-employed and wants to have an investment funded by his company.He should set up a

Question

Quizplus · Accepted Answer

A SEP (Simplified Employee Pension) plan is a type of retirement plan that is ideally suited for self-employed individuals who want to fund their own investments through their business. A SEP plan offers tax advantages, including the ability to deduct contributions to the plan from taxable income, and allows for higher contribution limits than a traditional or Roth IRA. Therefore, a SEP plan is the best choice for Lawrence's situation.

Lawrence Is Self-Employed and Wants to Have an Investment Funded