Your question: Solo Business Owners & Independent Professionals

Answer:

If youโ€™re the only employeeโ€”or share ownership with a spouseโ€”you have options that offer high contribution limits with low complexity.

Best For:

  • Physicians with solo practices
  • Dentists running private offices
  • Professional Investors
  • Artists, Entertainers & Freelancers
  • Federal Contractors (solo)

Best Fit Plans:

  • Individual 401(k) โ€“ High contribution potential from both employer and employee roles.
  • SEP IRA โ€“ Employer-only contributions with minimal setup and low cost.
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