Retirement Account

[tlcampbell0427]

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

[Michele_H]

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/