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Retirement PlansCognis Group

What is the best retirement plan for a high-earning 1099 medical professional?

Direct answer

An Individual/Solo 401(k) typically allows the highest combined employee and employer contributions.

An Individual/Solo 401(k) is usually the optimal choice. It allows you to contribute both as an employee (up to the annual elective deferral limit) and as an employer (up to 25% of your S-Corp W-2 wages), significantly outpacing the contribution limits of a standard SEP-IRA.

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