October 20, 2022

What Is The Difference Between a 401k and IRA?
What Is The Difference Between a 401k and IRA?

A 401k and an IRA are both tax-advantaged accounts that incentivize saving/investing for retirement. They both restrict withdrawals from the account in exchange for deferring or excluding taxes. The quick rundown of the differences are the following: you have more flexibility investing in an IRA, you have a higher contribution limit for a 401k, and…

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Solo 401k vs. SEP IRA — Finity Group, LLC
Solo 401k vs. SEP IRA — Finity Group, LLC

Written by: Peggy Haslach “My CPA says I need to set up a SEP!” When I hear that, I usually reply, “Congratulations! Typically, when I have someone asking about SEP, I know their business has reached a point where they could benefit from setting up a SEP… or for that matter a Solo 401(k), SIMPLE…

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