Re: Retirement Account

I'm 55+, retired but now doing consulting. What type of retirement account (SEP, 401K, etc) is best for me? Pros/Cons of recommendation?

posted

Hi @tlcampbell0427 you should choose the best one that suits your tax situation. There are benefits to both types of plans. I am attaching several links that will help you to make this determination. It depends on the amount of income and the amount you would like to contribute.

https://www.investopedia.com/articles/financial-advisors/012716/solo-401k-vs-sep-which-best-biz-owne...

https://www.guideline.com/blog/sep-ira-vs-401k/

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"