In this article. Folic acid is a pregnancy superhero! Taking a prenatal vitamin with the recommended 400 micrograms (mcg) of folic acid before and during pregnancy can help prevent birth defects of your baby's brain and spinal cord. Take it every day and go ahead and have a bowl of fortified cereal, too.
SEP IRA Contribution Limits. The 2015 and 2016 SEP IRA contribution limit is $53,000. For incorporated businesses, compensation is based on W-2 income. Annual contributions can be made into a SEP IRA up to 25% of W-2 income. For those taxed as sole proprietors compensation is based on adjusted earned income. Adjusted earned income is determined by completing an IRS worksheet. SEP IRA contributions of 20% of adjusted earned income can be made annually. In 2015 and 2016 annual compensation of more than $265,000 cannot be taken into consideration for determining contributions. Contributions to a SEP IRA are generally 100% tax deductible and investment earnings in a SEP IRA grow taxed deferred.
SEP IRA vs 401K or Traditional IRA plan. A SEP provides high maximum contribution limits, but an Individual 401k may allow a greater contribution at the same income level. Also, for those age 50+ there isnât an additional $5,500 catch-up contribution provision like there is with the Individual 401k.