I was hoping to write about my new SEP IRA account this weekend, but TIAA-CREF hasn’t withdrawn the money from my ING Direct savings account to fund it yet. I would have liked to mention how I’m using the SEP to put some of my 2005 non-salary income away to reduce my tax bill, but I’m holding off until I’m positive the account has been created. They haven’t contacted me to let me know that there is a problem with my application forms, but they haven’t created the account, which should have happened yesterday.
If there’s still no progress on Monday, I’ll call to follow up. The deadline for the account to be created is April 17.
Updated October 12, 2016 and originally published April 8, 2006.