The SEP-IRA Strategy for Self-Employed Retirement Planning

Episode 39 of Retirement Planning with Fexingo breaks down the SEP-IRA, a powerful retirement tool for freelancers, solopreneurs, and small business owners. Lucas and Luna walk through how a self-employed graphic designer earning $120,000 annually could contribute up to $30,000 to a SEP-IRA in 2026—far more than the $7,000 IRA limit. They compare it to solo 401(k)s and SIMPLE IRAs, explaining the trade-offs in contribution limits, administration, and catch-up provisions. The hosts also discuss the SEP-IRA's 'pro-rata rule' that complicates backdoor Roth conversions, and why it still beats a traditional IRA for high earners. A practical episode for anyone filing Schedule C who wants to supercharge retirement savings with minimal paperwork. #SEPIRA #SelfEmployedRetirement #FreelancerFinance #Solo401k #SIMPLEIRA #RetirementPlanning #Finance #SmallBusinessOwner #TaxStrategy #GigEconomy #IRA #RetirementSavings #FexingoBusiness #BusinessPodcast #Fexingo #Podcast #FinancialPlanning #WealthBuilding Keep every episode free: buymeacoffee.com/fexingo