Re: Opening SEP IRA for \'06--Am I missing anything?
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hmm i did mine on Vanguard a few weeks ago but never filled out a 5305-SEP "Simplified Employee Pension
I added the sep acocunt online then called them up and asked if there was anything else i needed to fill out and they said no.
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Pub. 560 Pg. 5 under "Setting Up a SEP"
"1. You must execute a formal written agreement to provide benefits to all eligible employees."
"You can satisfy the written agreement requirement by adopting an IRS model SEP using Form 5305-SEP."
I think that you are an eligible employee even if you're a business of one, but who the [censored] knows.
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