Solo 401k vs SEP IRA… What is the Best Self-Employed Retirement Plan?

Описание: Welcome to the Directed IRA Podcast! This is Mat Sorensen, joined by the insatiable Mark J. Kohler. In this episode, we dive into a hot topic: Solo 401(k) vs. SEP IRA. Are you self-employed and wondering which retirement plan suits you best? We break down the differences, benefits, and unique scenarios for both options.

Join us as we explore:

The origins and benefits of the SEP IRA.
Why the Solo 401(k) is often considered the superior choice for self-employed individuals.
Strategies for maximizing your contributions and making the most out of these plans.
How to navigate the nuances if you have part-time employees or plan to hire soon.

Whether you’re a seasoned entrepreneur or just starting your self-employment journey, this episode is packed with valuable insights to help you make informed decisions about your retirement planning.

Tune in and discover which plan could be the game-changer for your financial future!

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🚀 Disclaimer: This podcast is for educational purposes only and does not constitute financial advice. Consult with a qualified professional before making any investment decisions.