6 reasons NOT to use the SEP IRA

by | Aug 8, 2022 | SEP IRA | 2 comments

6 reasons NOT to use the SEP IRA




6 reasons NOT to use the SEP IRA for your retirement plan. This video is for the self employed, small business owners, independent contractors, 1099, or those with a side hustle.

0:00 intro
0:54 Reason #1
2:00 Reason #2
2:20 Reason #3
3:14 Reason #4
6:57 Reason #5
7:45 Reason #6

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TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP®
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2 Comments

  1. tiffgrooves

    Travis, Thanks for flagging this issue. I wonder if this strategy make sense if my S-Corp has 2 equal owners (no employees) AND we expect our wages will allow us to max out the SEP-IRA contribution limits?

  2. Yury Efremov

    Hi Travis, where would you recommend to open Solo 401k? I'm looking to open, but not a lot of options where you can have Roth and non-deductible contributions in the plan.

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