Young and the Invested on MSN1mon
Solo 401(k) vs. SEP IRA: What’s the Difference?If you're self-employed, either a solo 401(k) plan or Simplified Employee Pension (SEP) IRA can be an excellent choice. Both ...
To operate a Solo 401k, you must have zero employees. It can force a business owner’s hand to select another plan if they must grow beyond a solo business. For the SEP IRA, a private practice ...
Contributions are made to an individual retirement account (IRA) set up for each plan participant. Self-employed individuals also can set up a SEP-IRA for themselves. A SEP does not incur the ...
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