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A well-chosen retirement plan can allow entrepreneurs and the self-employed to bankroll a bright retirement. The self-employed have several plan options, including defined contribution plans such ...
A SEP-IRA was one of the first retirement plans devised for the self-employed. With a SEP, you’re allowed to contribute up to 25% of an employee’s compensation into a SEP retirement account.
Self-employed retirement plans: A number of plans give small business owners, contract employees and self-employed workers the same opportunities to save for retirement as those working a typical ...
A Solo 401(k) plan is essentially a 1-person 401(k) plan for self-employed individuals or business owners with no employees, in which you are the employer and the employee. Solo 401(k) plans may ...
Continue reading → The post Best Retirement Plans for Self-Employed People appeared first on SmartAsset Blog. Being self-employed has a multitude of benefits. While you can be your own boss and ...
No self-employed person has to be envious of other workers’ pensions, IRAs, or 401(k)s with these approaches to retirement planning you can do largely on your own.
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