AdBits – 2022 SEP IRA Contribution Deadlines

IRA Financial’s Adam Bergman Esq. discusses what you need to know if you have a SEP IRA and you still wish to make contributions for 2022.

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About IRA Financial:

IRA Financial was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IRA Financial’s in-house legal counsel. IRA Financial provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

IRA Financial is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.

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The Two Sides of Wealth

There are two sides of wealth that we will cover here and what to do with them. The first side of wealth is what we will call the supply side. This is the side of the money that comes to you every month.

How Do You Define Wealthy?

I think that anyone can be rich. I think that you have reached your version of true wealth whenever your desires in life have been met.

Measurable and Achievable Goals

Your first step is to get your wealth mission statement together. This will give you a guideline to follow each and every day when you wake up and before you go to sleep.

Your Wealth Mission Statement

Your wealth mission statement needs to be an outline of what you want to accomplish financially in life and what your goals are. You will need two different types of goals. They are life and financial goals.

Your Barriers to Wealth

These are liabilities that we are going to be going over in detail here. These are the things that keep you from becoming wealthy. These are typically loans that you have in the form of a mortgage, credit card, school loan, or a car loan.

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