I have a small one-person engineering business, and was looking at ways of maximizing tax deferred retirement income and specifcally reducing current taxable income. I have also recently heard about "Solo 401k" plans that are fairly simple to set up and manage. Does anyone have any suggestions (besides consulting an accountant or tax attorney) on what they have found to work well and simply? Additionally .. thoughts opn SEP's?? FYI, I will consult an accountant, but I was just looking to hear what others may have been doing recently.
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