Retirement Plans for Business Owners | SDIRA | Equity Trust

In this video, John discusses how you can start a retirement account for yourself and your employees as a business owner or solopreneur.

0:00 Intro
1:10 IRA contribution limits for 2023
1:40 What is a SEP IRA?
2:47 SEP IRA contribution limits for 2023
3:10 What is annual compensation?
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4:30 Examples for SEP IRA contributions
5:30 Can I backdoor a SEP IRA into a Roth IRA?
8:12 5305 SEP Form
10:20 Solo 401(k)
11:13 Solo 401(k) contribution limits for 2023
14:30 Examples for Solo 401(k) contributions
17:10 What is an In-Plan Conversion?
17:50 Eligibility requirements for Solo 401(k)
21:20 If I get income from different sources. What choices do I have if I don't have W-2 income?

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