@pamnicholea wrote:
In 2023, she contributed $30,000 to her solo 401k and maxed out her SEP for $13,632.
Assuming she is age 50 or older, $30,000 was the maximum employee deferral amount.
The $13,632 is the employer contribution. A SEP was fine, but she could have also put it into the 401k instead. There was no need for a separate retirement account for that.
