solo 401k vs sep ira

[Cindy4]

Some things to consider:

• Solo 401(k) plans have a potential higher contribution limits if earnings are high enough.
• Are you going to have employees?
• Access to funds are treated differently between an IRA and 401(k).  The 401(k) can be structured so that you can borrow against it.

Here is a great resource that may help you:  https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people

Best wishes!

Cindy