SEP IRAs and solo 401(k)s are both retirement plans for small business owners. However, there are differences in terms of their eligibility requirements, contributions and tax benefits. Before deciding which option is best suited for your business, you’ll want to consider the pros and cons of each. This guide examines the difference between solo 401(k) […]
A Savings Incentive Match Plan for Employees (SIMPLE) IRA is an individual retirement account set up for employees through smaller employers. Typically, these smaller employers have a maximum of 100 employees and do not offer any other retirement plan. If you are a small business owner looking for employee retirement plan options, you may be […]
Being aware of the different types of self-employed retirement accounts that are available to you is important to get the most out of your retirement and retirement planning. The accounts that are available to most employees are your typical IRA and 401K with Roth and Traditional kickers. However, your account options are much more plentiful […]