This SEP IRA overview has been updated with information for the 2023 & 2024 tax years. Having become fully self-employed in recent years, I thought it would be a good time to revisit and update my research on the primary retirement accounts that those with self-employment and 1099 income can take advantage of: SEP IRAs, SIMPLE IRAs, and Solo 401Ks. If you have self-employment income (or plan/hope to at some point), or any side project or side hustle income, this should be of interest. I’ve previously opened and contributed to both an SEP IRA and Solo 401K, so I have
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