How much do you need to start a sep IRA?

To start a SEP IRA, there is no specific minimum amount required to open the account; however, contributions made by the employer must not exceed 25% of an employee’s compensation or $66,000 for the 2023 tax year, whichever is less. It's important to note that while you can start with any amount, establishing a consistent contribution strategy can help maximize retirement savings. Always consider consulting a financial advisor for personalized advice based on your situation.