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? 3:55 CHECK OUT THE 60 SECOND CHALLENGE ON TIKTOK ➡️ https://www.tiktok.com/@equity_trust?lang=en 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? Discover advanced self-directed IRA concepts here: https://learn.trustetc.com/courses/advanced-sdira?ref=127a53