Posts Tagged ‘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