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I could have done a SEP but AFAIK the only difference is supposed to be less expenses vs. a 401k, but my 401k plan admin has very low fees. Also not sure if the
by fakeElonMusk 8y ago
I could have done a SEP but AFAIK the only difference is supposed to be less expenses vs. a 401k, but my 401k plan admin has very low fees. Also not sure if the SEP allows for a pre-tax benefit for the employee.
- ishjoh 8y agoSomething I learned about on HN a while back was a Self-Employed 401k offered by most large providers (https://www.fidelity.com/retirement-ira/small-business/self-employed-401k/overview https://www.fidelity.com/retirement-ira/small-business/self-...) It's great as I can contribute 18k of personal funds and a max of 36k of business profits (or max of 25% of profits, whichever is less). For the fidelity plan I have there are no annual or associated fees. I put all my money into index funds and those are the only fees I pay. It's really been excellent for me.