Retirement Planning Worksheet

Calculate how much you can contribute to retirement accounts as a self-employed person. Compare Solo 401(k), SEP IRA, and SIMPLE IRA options.

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What's Included

Net self-employment income calculation
Solo 401(k) limits (employee + employer)
SEP IRA maximum (25% of net earnings)
SIMPLE IRA comparison
Tax savings projection

How to Use

1Calculate net self-employment income
2Subtract half of SE tax for contribution base
3Solo 401k: $23,000 employee + 25% employer (up to $69,000)
4SEP IRA: 25% of net earnings (up to $69,000)
5Compare tax savings vs cash flow needs

Why Use AlphaTax Instead?

AlphaTax's Retirement Optimizer models all options in real-time, showing exactly how much you can contribute and how much you'll save in taxes at your specific income level.

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Related AlphaTax Features

Retirement Optimizer

SEP IRA vs Solo 401k vs Traditional vs Roth

Frequently Asked Questions

Solo 401(k) vs SEP IRA—which is better?

Solo 401(k) allows higher contributions at lower income levels and has a Roth option. SEP IRA is simpler but only allows employer contributions.

When do I need to set up accounts?

Solo 401(k) must be established by December 31. SEP IRA can be set up until your tax filing deadline (including extensions).