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Solo 401(k)

401(k) PlansBusiness ownersEmployee benefitsRetirement PlanningSecure ActSEP IRASolo 401(k)Updated for 2020

3 Retirement Plans for Small Businesses: How They Compare

What's the best retirement plan for small businesses? Business owners with employees have several options: traditional 401(k) plan, SIMPLE 401(k), SIMPLE IRA, and SEP IRA are the most popular. The best option will depend on factors unique to your business such as budget, employee makeup and funding goals (for yourself,…
January 7, 2020
Business ownersRetirement PlanningSecure ActSolo 401(k)Tax planningUpdated for 2020

Small Business Retirement Plans with Tax Benefits for Solos, Part-timers, or Companies with Employees

Self-employed business owners and entrepreneurs working for themselves part-time have a lot of flexibility when it comes to saving for retirement and managing their taxes. Though self-employed retirement plans are quite easy to set up and fund, there are some deadlines to be aware of. Particularly for individuals with significant…
October 15, 2019
401(k) PlansBusiness ownersInfographicsRetirement PlanningSEP IRASolo 401(k)Tax planningUpdated for 2020

SEP IRA vs Solo 401(k): What’s the Best Retirement Plan for Small Business Owners?

Updated for 2020. Business owners have several retirement plans to choose from. For small companies, the SEP IRA and Solo 401(k) are the most common. What are the pros and cons of the SEP IRA vs Solo 401(k)? Determining which plan is best suited for you will depend on certain…
February 8, 2017