SEP - IRAs, IRAs and Coverdell ESAs
SEP IRAs are a variation of the Individual Retirement Account.

SEP IRAs are adopted by business owners to provide retirement benefits for themselves and their employees. There are no significant administration costs for the self-employed person with no employees. If the self-employed person does have employees, all employees must receive the same benefits under a SEP plan. Since SEP IRAs are a type of IRA, funds can be invested the same way as most other IRAs.


Coverdell ESA or just an ESA, and formerly known as an education individual retirement account, is a tax-advantaged investment account in the United States designed to encourage savings to cover future education expenses (elementary, secondary, or college), such as tuition, books, and uniforms (for the same year as the distribution).