SEP IRA vs. Solo 401(k): Which One Saves You More Money?

🎯 FREE Guide SEP IRA vs Solo 401(k): https://pages.teachingmillionaires.co... 🔥 In this video, I break down the critical differences between SEP IRAs and Solo 401(k)s for entrepreneurs, freelancers, and side-hustlers. Discover which account lets you contribute nearly DOUBLE, offers Roth options, and provides more flexibility for irregular income. 🔑 KEY HIGHLIGHTS: 00:00 - My $12,000 tax mistake 02:31 - SEP IRA vs Solo 401(k): The basics explained 05:23 - The shocking contribution difference 07:07 - Tax-free growth with Roth options 08:10 - Which plan is easier to manage? 09:42 - Perfect for "lumpy" irregular income 10:12 - Emergency access to your money #RetirementPlanning #TaxStrategy #SEPvsSOLO ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/yout... 📱 Follow on Instagram: https://teachingmillionaires.com/inst... ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/appl... 🎧 Spotify - https://teachingmillionaires.com/spot... 👥 About Rich Smith: Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps. 📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.