Welcome back to another episode of the Tax and Accounting Ride Along Podcast!

In today’s episode, we’re breaking down the battle of the retirement plans: Solo 401K vs SEP-IRA. If you're a small business owner, freelancer, or self-employed, choosing the right retirement plan can save you thousands in taxes and set you up for a secure future. But which one should you pick?

We’ll explain the key differences between the two, including:

• Contribution Limits: How much can you really put away, and which plan offers more flexibility?
• Tax Benefits: Which option provides better immediate tax deductions and long-term growth?
• Eligibility: Who can qualify for each plan, and what are the requirements?
• Loan Options: Can you borrow f ...