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Currently Playing: SEP IRA vs Solo 401K: Which is Best for Self-Employed?

Learn the Best Retirement Plan for Self-Employed Individuals. Get a Free Consultation: https://mycpacoach.com/free-tax-assessment/ In this video, I break down the key differences between the SEP IRA and Solo 401(k) and explain which retirement plan may provide the biggest tax benefits for self-employed individuals and business owners. I explain how SEP IRAs and Solo 401(k)s compare in terms of contribution limits, income requirements, setup complexity, funding deadlines, Roth conversion strategies, and overall tax advantages. I’ll also show you why one plan may allow you to contribute more money at lower income levels, and why the other may be better if you value simplicity and easier maintenance. Go ahead and save this video, hit the like button below, and let’s jump right in. #taxstrategy #retirementplanning #solok401k #sepira #wealthbuilding #cpatips Which Self-Employment Retirement Plan Is Best For You: (0:00) Key Difference #1: (1:19) Key Difference #2: (4:18) Key Difference #3: (5:24) Key Difference #4: (6:58) DISCLAIMER: The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances.