Rocket City Retirement Show: SEP IRA vs. SOLO 401k

In this episode of The Rocket City Retirement Show, Certified Financial Planners Cris Wallace and Graham Bauer break down the optimal order of operations for saving and investing—from emergency funds and 401(k) contributions to Roth IRAs, HSAs, and tax-efficient strategies.

They also explore the key differences between Solo 401(k) vs. SEP IRA, helping self-employed individuals maximize their retirement savings and reduce tax burdens. If you’re a business owner, freelancer, or independent contractor, this episode is packed with insights you don’t want to miss.

Additionally, Cris and Graham discuss how recent changes to retirement laws (SECURE Act 2.0) impact retirees and future generations, including new RMD ages, inherited IRA rules, and strategic Roth conversions to minimize taxes for your heirs.

Key Topics Covered:
-The right order to build wealth and invest for retirement
- Emergency funds: How much should you really have?
- The smartest 401(k) and Roth IRA contribution strategies
- HSA vs. Roth IRA: Which one should you prioritize?
- Solo 401(k) vs. SEP IRA: Which is better for self-employed individuals?
- How tax law changes affect your retirement and inheritance
- Strategic Roth conversions to minimize lifetime tax burdens

🔔 Want a personalized retirement strategy? Schedule a complimentary session with Cris Wallace today.
📞 Call or text VISIT to 256-937-2010 to get started.

View More Resources at :  wgfinancialgroup.com

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-00:00:00 Welcome to The Rocket City Retirement Show

-00:01:25 Meet Cris Wallace & Graham Bauer – Your Financial Planning Experts

-00:03:10 The Best Order of Operations for Saving & Investing

-00:10:40 Emergency Funds: How Much Is Enough?

-00:18:03 401(k) Contributions: Maxing Out vs. Roth IRA Strategy

-00:25:54 HSA vs. Roth IRA: Which One Is More Powerful?

-00:32:42 Solo 401(k) vs. SEP IRA: The Ultimate Self-Employed Retirement Plan Guide

-00:42:18 How the SECURE Act 2.0 Affects Your Retirement & Heirs

-00:55:00 Strategic Roth Conversions & Tax-Efficient Planning

-00:58:30 Final Thoughts & How to Work with Cris Wallace