* All contributions to SEPs and Qualified Retirement Plans are subject to an annual earned income cap. This cap is adjusted by the Internal Revenue Service each year and is based on cost-of-living adjustments. Pending an IRS technical correction, SEP contributions are currently limited to 25%, not to exceed $45,000 of compensation. Please contact your tax advisor for current details. You may continue to contribute passed the age of 70 ˝ if you are still working, but mandatory distribution is required to begin at 70 ˝.

** If funds are withdrawn prematurely, they may be subject to income tax, if the owner is under age 59 ½, plus a 10% premature distribution penalty. CD early withdrawal penalties may also apply.