The Solo 401k is one of the most versatile retirement plans available to self-employed individuals. It’s designed for those who work for themselves, with no employees other than a spouse. For …

Nov 5, 2024 · Here's a comparison of two popular self-employed retirement savings plans: the solo 401(k) and the SEP IRA. See which option is right for your business and retirement …

Sep 24, 2024 · SEP IRAs and solo 401 (k)s are robust retirement savings vehicles for small businesses and self-employed individuals. While these two plans cater to similar workers, …

Nov 1, 2024 · With a self-employed 401 (k), you can save up to $23,000 in 2024 (or $23,500 in 2025) in your plan as an employee deferral, just as you would in a regular 401 (k). And you’ll …

Jan 15, 2025 · Opening a solo 401 (k) or a Simplified Employee Pension Individual Retirement Account (SEP IRA) allows the self-employed to save for retirement while enjoying some tax …

Jun 2, 2024 · Self-Employed 401 (k) plans are ideal for solo workers without full-time employees. SEP IRAs are easier to manage and allow contributions from multiple employees. Catch-up …

Nov 26, 2024 · Comparing solo 401 (k)s and SEP IRAs for the self-employed. A solo 401 (k) lets self-employed people save up to $70,000 in 2025, with higher limits for those 50 and older. A …

Nov 27, 2024 · Solo 401 (k) vs. SEP IRA: Which is Better for the Self-Employed? Nov 27, 2024 | 401K, SEP IRA, Solo 401 (k), Solo Roth 401 (k) If you’re self-employed and looking to save for …

Jan 8, 2025 · If you're self-employed or run a small business, choosing the right retirement plan can be a game changer for your financial future. Two popular options—solo 401(k)s and SEP …

Aug 21, 2023 · While solo 401 (k) plans and SEP IRAs are both retirement plans, they have some major differences. Here’s how they compare: Solo 401 (k) plans have narrower eligibility …