If you're self-employed, either a solo 401(k) plan or Simplified Employee Pension (SEP) IRA can be an excellent choice. Both ...
The SEP IRA is a simple retirement plan for small businesses. A better option for individual business owners with no employees may be a Solo 401(k). There are several advantages to a Solo 401(k ...
The SEP IRA has a limit on the annual compensation that is used for figuring retirement plan contributions. For 2025, that limit is $350,000, an increase from $345,000 in 2024. That limit is ...
The SEP IRA allows business owners to set up individual retirement accounts for themselves ... be taking a taxable distribution from your plan. Legislation enacted late last year allows SEP ...