Solo 401(k) vs SEP IRA: Key Differences and Considerations
Self-employment has its perks but an employer-sponsored retirement plan isn’t one of them. Opening a solo 401(k) or a Simplified Employee Pension Individual Retirement Account (SEP IRA) allows the self-employed to build wealth for retirement while enjoying some tax advantages. A solo 401(k) or one-participant 401(k) is similar to a traditional 401(k), in terms of […]
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