As a small business owner, I’ve been mulling over retirement options for the last year or two. Until last week, I was simply gathering information and trying to figure out just what options would be best.

When you read or listen to any type of sales training, they mention that if prospects are confused, they’ll do nothing rather than take action. I had a pretty good idea that I needed to set up an SEP-IRA, but how that different from other options out there was a bit fuzzy. So, I let it slip out of my thoughts.

Last week, I had one of those ‘just do it’ moments and finally set one up. Employer contributions to SEPs are tax deductible and they have higher contribution limits on what you can put in each year. Sounds good to me.

If you’re like me and have been procrastinating setting up one of these accounts, keep in mind that if you open one before April 15, your contributions can still count for 2005. It’s a great way to start saving money while taking another deduction.

If you need some motivation, here are a couple of interesting articles.

• Motley Fool’s Don’t Resent Your Retirement - Their motto: slow and steady wins the race.
• Associated Press’ SEP Is Ideal for Small Business Owners