The SEP IRA for Self-Employed Retirees

Episode 8 of Retirement Planning with Fexingo zeroes in on a retirement account that gets overlooked: the SEP IRA. Lucas and Luna walk through why freelancers, gig workers, and solo business owners should consider it instead of a traditional IRA or solo 401k. They break down the 2026 contribution limits ($69,000 or 25% of compensation, whichever is less), the tax deduction mechanics, and the surprising fact that SEP IRAs have different Roth rules than standard IRAs. They also cover the messy catch: if you ever hire employees, you have to contribute the same percentage for them. This episode is built around a concrete example: a 45-year-old freelance designer earning $150,000 who can stash away $37,500 pre-tax this year. No fluff, just the numbers and the trade-offs. #SEPIRA #SelfEmployedRetirement #FreelanceFinance #GigEconomySavings #RetirementPlanning #Solo401k #TraditionalIRA #RothIRA #TaxDeduction #ContributionLimits2026 #SmallBusinessOwner #EmployeeContributions #FiduciaryRule #Finance #FexingoBusiness #BusinessPodcast #LucasAndLuna #Fexingo Keep every episode free: buymeacoffee.com/fexingo