If you are a Solopreneur business owner that wants to save for retirement it can be confusing which retirement account to choose. Tiffany Gonzalez CPA is here with the pros and cons of the Individual 401k and SEP IRA.
The Individual 401k and SEP IRA have different contribution limits, taxes and fees. The amount of money you want to save toward retirement makes a difference in the way you save. Tiffany will be giving you a real life example on how these accounts work.
Everyone’s plan for retirement is different and these might not be the right option for you at this time. But understanding the basics and what types of accounts are out there is another step towards more complete financial literacy.
Tune in and get your Financial IQ. up!
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Disclaimers & Disclosure:
This content is for education and entertainment purposes only. Tiffany Gonzalez CPA and Accounting to Scale are not providing Tax or Investment advice. The information is being presented without consideration of the financial circumstances of the taxpayer/investor, financial objectives or risk tolerance and may not be suitable for all taxpayers/investors. We don’t make any guarantees or promises as to results that may be obtained using our content. All investing involves risk, including risk of losing investment principal.
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