If you're self-employed or own a small business, choosing the right retirement plan is key to securing your financial future. Options like SEP IRA, Solo 401(k), SIMPLE IRA, and Traditional or Roth IRAs each have unique benefits, contribution limits, and tax advantages. Whether you want to maximize savings, hire employees, or prefer Roth options, understanding these plans helps you make informed decisions and build long-term wealth.

One critical requirement that many business owners may have overlooked in 2024 is filing the Beneficial Ownership Information (BOI) report.