A major part of retirement planning is choosing which type(s) of retirement accounts you want to use to hold your savings and investments. If you're self-employed, either a solo 401(k) plan or ...
While saving for retirement is crucial, knowing what that looks like can be difficult. Self-employed individuals must choose between accounts like a SEP IRA or a solo 401(k). Both accounts have ...
Putting away as much for retirement as possible is important to make sure that long-term financial goals are reached. The simplified employee pension, or SEP IRA, does just that by allowing business ...
When you're self-employed, you're in charge of choosing and funding your own retirement plan. In place of an employer-provided retirement plan like a 401(k), you may consider making contributions to a ...
The IRA contribution limit for 2026 has been raised by $500, to $7,500 for those under age 50. The IRA catch-up limit is a ...
There are five main choices for the self-employed or small-business owners: an IRA (traditional or Roth), a Solo 401(k), a SEP IRA, a SIMPLE IRA or a defined benefit plan. Many, or all, of the ...
SEP IRAs and SIMPLE IRAs are ideal retirement savings accounts for small businesses and the self-employed. Knowing the plans' differences and similarities can help save you money for retirement.
Ascensus has signed a deal to acquire Vanguard’s Individual 401(k), Multiple Participant SEP and SIMPLE IRA Plans division. The acquisition is projected to finalize in the third quarter of 2024; the ...