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I think it depends on how much profit you have as a self employed individual. A Sep allows you to contribute 15% of the profit. With a Simple you can match the first $6000 you make dollar for dollar with a $6000 contribution and then contribute another 3% to match what you earned as your own employer.You would have to have a $40,000 profit to contribute $6,000 with a SEP.If you make more that $40,000 I would do a Sep. With less I would do a Simple.
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