Generally, Seps are more attractive for people who make more than $75,000 per year.
Contribution limits for Seps are much higher than most other retirement accounts
and contributions are totally discretionary for employers.
Solo 401(k)s can also be better than alternatives(especially Seps) if you think you may hire employees in the future.
Low contributions limits as a percent of income- Seps have high contribution limits in dollar terms($55,000),
but contributions are limited to 25 percent of income.
If you don't yet have a SEP IRA and
are thinking about establishing a plan, it's important to understand the contribution limits, rules, and deadlines for Seps.
Indicating intense magnetic activity, sunspots accompany secondary phenomena such as bursts of electromagnetic radiation(flares) and coronal mass ejections(CME)- which are sudden eruptions of material-
accompanied by solar energetic particles(Seps).
Seps are a superior option if you make more than $75,000 per year,
don't plan to hire any employees in the future and want to avoid the headache of administering a 401(k).
But subsequent financial legislation created the Solo 401(k), which also offers a simplified way for business owners to save for retirement and enjoy some of the
benefits of a 401(k) plan that are not available with Seps.