SEP if personal income

Can an individual have a SEP or solo 401(k) for income earned as an individual (not an LLC, S Corp, etc.)?



  • You must have business income in order to adopt an employer retirement plan, but it is not required for that business to be a corporation, LLC, partnership, or even a registered state/local business entity. Probably the most common owner-employees are sole proprietors operating under their own name.
  • You can not adopt an employer retirement plan on W-2 or unearned income.

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