24/7 Wall St.: Why Self-Employed Dentists Are Replacing the SEP IRA With a Solo 401(k) and Saving Up to $23,000 More Per Year Why Self-Employed Dentists Are Replacing the SEP IRA With a Solo 401(k) and Saving Up to $23,000 More Per Year Dentists often spend years building successful practices and earning strong incomes, but turning that success into a secure retirement requires thoughtful planning. Between managing student debt, ... Retirement Tax Advisory Traditional v Roth IRA analysis SEP contributions 401K Strategies Social Security analysis Qualified charitable distributions Family Tax Advisory Donor-advised funds Family partnerships Higher education strategies Child tax credits Hiring kids State and local tax Business Tax Advisory Entity selection HR-related: Insurance and benefits 401K plans Officer compensation Payroll Employee retention credits 24/7 Wall St.
on MSN: Why self-employed dentists are replacing the SEP IRA with a solo 401(k) and saving up to $23,000 more per year Quick Read A Solo 401(k) allows self-employed dentists to contribute roughly $51,000 annually compared to $28,000 with a SEP IRA, creating approximately $23,000 in additional tax-deferred savings per ...
