Financial Planning, Financial Education, Taxes, Social Security, Retirement, Retirement Planning Ellen Morse Financial Planning, Financial Education, Taxes, Social Security, Retirement, Retirement Planning Ellen Morse

Retirement Savings Options for Small Business Owners

If you are a small business owner, establishing a retirement account is essential! Two options available to you are an individual 401(k) or a SEP IRA.

Both individual 401(k)s (also known as solo 401(k)s) and SEP IRAs are retirement savings plans designed for self-employed individuals and small business owners. However, they have some key differences that can make one a better choice for you than the other.

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