Posts Tagged ‘sep ira or 401k’

Sep Ira Or 401k

sep ira or 401k
Question: My small business plans on hiring employees next year. Do I go with 401k or SEP IRA to maximize savings?

When do you go with a 401k? When do you go with a SEP IRA? What are the pros and cons here? Thanks!

Answer: SEP IRA only applies to the business owners where as 401K is for the employees.

Financial Services Corona CA: Life Insurance, Investments, Mutual Funds, 401k, IRA, Annuity