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Question

Should I choose a SEP IRA or Solo 401(k) for my retirement savings?

Answer

Choose a Solo 401(k) if you want higher contribution flexibility, Roth options, and catch-up contributions — it allows both employer and employee contributions based on W-2 wages. Choose a SEP IRA if you want simplicity and lower administrative burden, though it has lower contribution limits and no Roth option.

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Last Updated May 20, 2026
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