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Can an LLC have a SEP IRA?
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1 Reply
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Yes, an LLC can have a SEP IRA or a solo 401k. A SEP IRA is a retirement plan option for businesses, including those structured as LLCs, allowing them to provide retirement benefits for themselves and their employees. The SEP IRA contributions are made by the employer, and the contribution limits are generous, making it a flexible option for business owners looking to maximize their retirement savings.
Additionally, an LLC owner can choose to invest their SEP IRA funds into an LLC, creating what is known as a SEP IRA LLC, which allows for a broader range of investment opportunities, including real estate and notes, under the control of the SEP IRA owner.
mysolo401k.net
Solo 401k FAQs - My Solo 401k Financial
The self-directed solo 401k frequently asked questions, covering: solo 401k loan, contributions, roth, alternative investments-real estate, gold, and notes.
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