DiscoverDirected IRA PodcastSolo 401(k) or SEP IRA: Determining the Best Retirement Strategy for the Self-Employed
Solo 401(k) or SEP IRA: Determining the Best Retirement Strategy for the Self-Employed

Solo 401(k) or SEP IRA: Determining the Best Retirement Strategy for the Self-Employed

Update: 2024-07-25
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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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Solo 401(k) or SEP IRA: Determining the Best Retirement Strategy for the Self-Employed

Solo 401(k) or SEP IRA: Determining the Best Retirement Strategy for the Self-Employed

Mat Sorensen and Mark Kohler