Row 30119

Row ID: 30119 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 30119 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

First, a solo 401k dominates a SEP in terms of contributions, though if you are already maxing out your work 401k, there may be no effective difference (this year). The SEP only allows 25% of your work profit while the solo 401k allows 23k plus 25% of your profit. The 23k limit is shared across all 401k and 403b plans.

In terms of Roth vs traditional, it depends on your total income (that is, your tax rate). If your marginal tax rate is higher now than it will be in retirement, traditional. Otherwise Roth. For most people who are able to max out retirement savings, traditional is better.

FieldValue
text First, a solo 401k dominates a SEP in terms of contributions, though if you are already maxing out your work 401k, there may be no effective difference (this year). The SEP only allows 25% of your work profit while the solo 401k allows 23k plus 25% of your profit. The 23k limit is shared across all 401k and 403b plans. In terms of Roth vs traditional, it depends on your total income (that is, your tax rate). If your marginal tax rate is higher now than it will be in retirement, traditional. Oth…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-21
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url_encoded Z0FBQUFBQm5Lak9WbFVLYUhJVVNaTW14cURXUkhMRnpTYUxRaW9rVmFUOVJocWhndEFnYVJzR3JMbkU5d3BFNVZYNDRMYlp2VmhsS083MzZ5QS1LYzRsZ1ViOHdjMjJkX0Q4XzhZRGhFUVFpSHlJNVJWQ0FFeHlhbFZ0VHpqZ3F5Snhvb0RmT1E3NHhwSW9Hbkg4eS1XdmZMZ0k2cmg2OVV4a2R2RXRtZW1hazI4M2d6N24xYndmRDBPWVF1RmpwUVBxcWt3TmV6WXRVQkk4VmFwRFYzN19Ocjh1dHhrbHBkQT09

Raw Record

{
  "text": "First, a solo 401k dominates a SEP in terms of contributions, though if you are already maxing out your work 401k, there may be no effective difference (this year). The SEP only allows 25% of your work profit while the solo 401k allows 23k plus 25% of your profit. The 23k limit is shared across all 401k and 403b plans.\n\nIn terms of Roth vs traditional, it depends on your total income (that is, your tax rate). If your marginal tax rate is higher now than it will be in retirement, traditional. Otherwise Roth. For most people who are able to max out retirement savings, traditional is better.",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1GZmZjRHUxUUtmZ3V2WU1CR1FmTGtXN2I1V2hvRUN2UjV2cEFnMTR3ZVI5d0dvcDNEdUtJeWJvbDNNYUo4OEdER2lnQWJKM2tXdkRTZFRUYjJoWG80cmc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9WbFVLYUhJVVNaTW14cURXUkhMRnpTYUxRaW9rVmFUOVJocWhndEFnYVJzR3JMbkU5d3BFNVZYNDRMYlp2VmhsS083MzZ5QS1LYzRsZ1ViOHdjMjJkX0Q4XzhZRGhFUVFpSHlJNVJWQ0FFeHlhbFZ0VHpqZ3F5Snhvb0RmT1E3NHhwSW9Hbkg4eS1XdmZMZ0k2cmg2OVV4a2R2RXRtZW1hazI4M2d6N24xYndmRDBPWVF1RmpwUVBxcWt3TmV6WXRVQkk4VmFwRFYzN19Ocjh1dHhrbHBkQT09"
}
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