have your own business, and it is owner-only, in the sense that you are the only one working for the business or perhaps you and your spouse, you probably have at least heard of a sep IRA in passing.  While you may know that the sep ira maximum contribution amount is three times the employer-sponsored 401k limit, what you may not know is that limit can only be reached by a contributing at most 25% of the business’ profits on your behalf.  Which means, your business would have to earn $184,000 for you to be able to max out the sep savings limit for the year.  That is out of reach of most home businesses.