Is a SEP IRA the Best Option for Self-Employed Traders?

I’ve been doing some research on SEP IRAs and I’m kind of torn. As a self-employed trader, I want to maximize my retirement savings, but I’m not sure if this is the best route. I love the idea of being able to contribute a significant amount, but I’m also wondering about the long-term implications and whether it’s worth the hassle compared to other options. Have any of you set up a SEP IRA? How has it worked out for you? Any tips or things to keep in mind? I’d really appreciate any insights or experiences you can share!