SEP vs. SIMPLE IRAs: 5 Key Suitability Questions for Small Businesses Business size, plan simplicity, and flexibility will impact which is the right fit. Denise Appleby Aug 16, 2023 ...

On the downside, the 2025 contribution limits for SIMPLE IRAs are lower than 401(k)s — the baseline limit (with some exceptions) is $16,500 for individual contributions to a SIMPLE IRA, while a ...

Here's a comparison of three popular self-employed retirement savings plans: the solo 401(k), the SEP IRA and a SIMPLE IRA. See which option is right for your retirement planning needs.

The Simple IRA contribution limits are lower but so are the administrative costs. For more on Simple IRAs, see SEP vs. Simple IRAs: 5 Key Suitability Questions for Small Businesses . Which Plan ...

SEP-IRAs, SIMPLE IRAs, and Solo 401(k)s: Retirement Tools for the Self-Employed August 12, 2019 — 02:17 pm EDT. ... The SEP-IRA is really attractive in a number of ways, ...