Ep69 - SEP vs Solo 401(k) with Sean Mullaney, CPA

4/2/24 -SEP vs Solo 401(k) with Sean Mullaney, CPA

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Today Erica is joined by Sean Mullaney, a Los Angeles-based advice-only financial planner and author of "Solo 401k: The Solopreneur Retirement Account". Sean shares his expertise on the differences between SEP IRAs and Solo 401(k)s, the benefits of each, and why most solopreneurs might favor the latter for their retirement savings. 

Some of the questions they discuss are:

• What is the difference between a SEP IRA and a Solo 401(k)?

• How can an advice-only financial planner benefit your retirement planning?

• Can a Solo 401(k) be a better option for solopreneurs than a SEP IRA?

Make sure you check out the resources below!

The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Erica and the Coaches, Consultants, and Money podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc., and their services. 

Important Resources Mentioned:

• Choose FI podcast | How to Access Your Retirement Accounts Before 59.5 

• Sean’s Book | Solo 401(k): The Solopreneur’s Retirement Account (on Amazon)

• Sean’s Favorite Money Books:

  • Millionaire Next Door, Thomas J. Stanley 

  • The Simple Path to Wealth, by JL Collins

• Ep. 61 - When is an S-Corp a Bad Idea?

• Ep. 21 - What’s an S-Corp and When Should I Become One?

Connect with Sean:

Website | https://fitaxguy.com/

YouTube | @seanmulaneyvideos

Mulaney Financial | https://www.mullaneyfinancial.com/

 Connect with Erica Goode, CPA | LinkedIn | Monthly Newsletter |  Website

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