Updated: Apr 23, 2021
Which is better, a SEP IRA or a Self-Directed Solo 401(k)? I recently wrote this article for The Daily CPA, an online publication for tax and accounting news, to compare the two and explain the key differences.
When it comes to retirement plans for people who (1) earn income from self-employment, and (2) don’t have any full-time W-2 employees working more than 1,000 hours per year, most think that a SEP IRA is their best and/or only option. This is not necessarily the case. To continue reading, please click here.