Back in September, we briefly reviewed some differences in various 401k and IRA plans, and have since been asked to provide some more information on each of the plans. Below is a combined review of the SEP-IRA, Individual 401k, and SIMPLE IRA. We will review pros and cons, as well as key points of differentiation between each of the plans.
As a reminder, 401k and IRA plans are subject to numerous and complex rules, regulations and tax qualification requirements. Be sure to consult with a qualified professional before making ANY decisions or changes to your 401k or IRA.Read More