A Guide to Self-Employed Retirement Plans: SEP-IRA, SIMPLE IRA, and Solo 401(k)

Retirement planning is an essential component of financial security, especially for the self-employed and small business owners who don’t have access to employer-sponsored retirement plans. Fortunately, several retirement savings options are designed to cater to the unique needs of entrepreneurs and independent professionals. In this blog, we’ll explore the SEP-IRA, SIMPLE IRA, and Solo 401(k) plans, helping you understand which option may be best for your retirement strategy.