I am self employed (1099 income as independent consultant). I have a business name I am DBA so my invoices are paid in the name of the business and not in my name. Since we live mostly on DW's income (and it also puts us in the highest tax bracket) I try to put as much of my income away as possible. I started a SEP IRA at Vanguard for this and put away about 20% of my income last year. I would love to put away more if possible and heard today on a podcast about the Individual 401k and the ability to put away 40-50K on income of around 100K. Since my consulting is a side gig, I expect to earn about $100K or so. My main gig is unpaid- cofounder of a company where I don't expect to get paid in 2017. Any suggestions on how I can invest as much as possible of my consulting income on a tax deferred basis? Can I do better than the SEP IRA?
Thanks
Thanks