Financial Advisor Insights

SEP IRA vs Solo 401(k) for Self-Employed Business Owners

Self-employed business owners have a few options when it comes to saving for retirement. The most common retirement plans for small business owners are the SEP IRA and Solo 401(k), also called an Individual 401(k). Although one plan is not necessarily better than the other, there are a number of key differences between a Solo 401(k) and a SEP IRA which can help business owners choose which plan may best fit their needs.

 Infographic: SEP IRA versus Solo 401(k)

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